ENDO Lighting (TSE:6932) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is ENDO Lighting 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. ENDO Lighting's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

ENDO Lighting's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.11). It may suggest that ENDO Lighting is progressively becoming less dependent on debt to grow their business.

ENDO Lighting LT-Debt-to-Total-Asset Historical Data

The historical data trend for ENDO Lighting'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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ENDO Lighting LT-Debt-to-Total-Asset Chart

ENDO Lighting Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.25

0.23

0.21

0.16

0.15

ENDO Lighting 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															0.13	0.15	0.13	0.12	0.11

ENDO Lighting LT-Debt-to-Total-Asset Calculation

ENDO Lighting'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 )
	=	8312	/	57343
	=	0.14

ENDO Lighting'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 )
	=	7085	/	62336
	=	0.11

ENDO Lighting (TSE:6932) 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.

ENDO Lighting LT-Debt-to-Total-Asset Related Terms

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ENDO Lighting (TSE:6932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » ENDO Lighting Corp (TSE:6932) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1-6-19 Honmachi, Osaka, JPN

Website

http://www.endo-lighting.co.jp

ENDO Lighting Corp is a Japanese based lighting equipment manufacturer. The company operates in two business divisions including lighting business and interior business. Lighting business is engaged in designing, manufacturing, and sale of lighting fixtures. Interior business is engaged in the sale of interior furniture and supplies. It supplies its products to commercial facilities including department stores and hotels, offices, factories, and schools.

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