Mitsui Mining and Smelting Co (TSE:5706) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Mitsui Mining and Smelting Co 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. Mitsui Mining and Smelting Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Mitsui Mining and Smelting Co's long-term debt to total assets ratio increased from Dec. 2022 (0.19) to Dec. 2023 (0.19). It may suggest that Mitsui Mining and Smelting Co is progressively becoming more dependent on debt to grow their business.

Mitsui Mining and Smelting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mitsui Mining and Smelting Co'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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Mitsui Mining and Smelting Co LT-Debt-to-Total-Asset Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.24

0.26

0.25

0.19

0.20

Mitsui Mining and Smelting Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.20	0.20	0.19	0.19

Mitsui Mining and Smelting Co LT-Debt-to-Total-Asset Calculation

Mitsui Mining and Smelting Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	127614	/	631894
	=	0.20

Mitsui Mining and Smelting Co'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 )
	=	117982	/	627031
	=	0.19

Mitsui Mining and Smelting Co (TSE:5706) 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.

Mitsui Mining and Smelting Co LT-Debt-to-Total-Asset Related Terms

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Mitsui Mining and Smelting Co (TSE:5706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (TSE:5706) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MMSMY:USA MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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