Okamoto Industries (TSE:5122) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Okamoto Industries LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Okamoto Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Okamoto Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Okamoto Industries is progressively becoming less dependent on debt to grow their business.

Okamoto Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Okamoto Industries's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Okamoto Industries LT-Debt-to-Total-Asset Chart

Okamoto Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

Okamoto Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.01

Okamoto Industries LT-Debt-to-Total-Asset Calculation

Okamoto Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1138	/	143858
	=	0.01

Okamoto Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	144	/	140089
	=	0.00

Okamoto Industries (TSE:5122) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Okamoto Industries LT-Debt-to-Total-Asset Related Terms

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Okamoto Industries (TSE:5122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Okamoto Industries Inc (TSE:5122) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710

Website

http://www.okamoto-inc.jp

Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.

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