Shigematsu Works Co (TSE:7980) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

View and export this data going back to 1963. Start your Free Trial

What is Shigematsu Works 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. Shigematsu Works Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Shigematsu Works Co's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.09). It may suggest that Shigematsu Works Co is progressively becoming less dependent on debt to grow their business.

Shigematsu Works Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shigematsu Works 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.

* Premium members only.

Shigematsu Works Co LT-Debt-to-Total-Asset Chart

Shigematsu Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.12

0.10

0.14

0.13

Shigematsu Works 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															0.10	0.13	0.12	0.11	0.09

Shigematsu Works Co LT-Debt-to-Total-Asset Calculation

Shigematsu Works 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 )
	=	1912.472	/	15202.06
	=	0.13

Shigematsu Works 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 )
	=	1400	/	15555.749
	=	0.09

Shigematsu Works Co (TSE:7980) 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.

Shigematsu Works Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shigematsu Works Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shigematsu Works Co (TSE:7980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shigematsu Works Co Ltd (TSE:7980) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-26-1, Nishigahara, Kita-ku, Tokyo, JPN, 114 0024

Website

http://www.sts-japan.com

Shigematsu Works Co Ltd is a Japan based company engaged in the safety business. It manufactures personal and respiratory protective devices related to fire and industrial safety, equipment for air purifying, emergency and rescue operations. The company offers products such as gas respirators, chemical cartridge respirators, particulate respirators, self-contained breathing apparatus, powered air-purifying respirators, supplied-air respirators, eye protector, face shields, earmuffs, safety belts, protective clothing, protective gloves, stretchers, oxygen meters and other related products. The products offered by the organization has application in various industries including textile, chemical, automobile, fishery, mining, warehouse and others.

Shigematsu Works Co (TSE:7980) Headlines

No Headlines