Toyo Denki Seizo KK (TSE:6505) LT-Debt-to-Total-Asset : 0.19 (As of Feb. 2024)

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What is Toyo Denki Seizo KK 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. Toyo Denki Seizo KK's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.19.

Toyo Denki Seizo KK's long-term debt to total assets ratio declined from Feb. 2023 (0.22) to Feb. 2024 (0.19). It may suggest that Toyo Denki Seizo KK is progressively becoming less dependent on debt to grow their business.

Toyo Denki Seizo KK LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toyo Denki Seizo KK'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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Toyo Denki Seizo KK LT-Debt-to-Total-Asset Chart

Toyo Denki Seizo KK Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.22

0.23

0.24

0.21

Toyo Denki Seizo KK Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.21	0.20	0.20	0.19

Toyo Denki Seizo KK LT-Debt-to-Total-Asset Calculation

Toyo Denki Seizo KK's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	10288	/	49682
	=	0.21

Toyo Denki Seizo KK's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	9822	/	51397
	=	0.19

Toyo Denki Seizo KK (TSE:6505) 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.

Toyo Denki Seizo KK LT-Debt-to-Total-Asset Related Terms

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Toyo Denki Seizo KK (TSE:6505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Denki Seizo KK (TSE:6505) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tatemono Yaesu Building 5F 1-4-16, Yaesu, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.toyodenki.co.jp

Toyo Denki Seizo KK operates in transportation business, industrial business, ICT solution business, and development center. In the transportation business, it is engaged in electrical equipment for railway vehicles. In the industrial business, the company develops industrial electrical equipment such as motors and inverters for production equipment machines. In the ICT solution business, it develops and manufactures station equipment and remote monitoring systems. At the Development Center, the group is working to expand new businesses and products.

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