Qualtec Co (TSE:9165) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is Qualtec 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. Qualtec Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

Qualtec Co's long-term debt to total assets ratio declined from Jun. 2021 (0.12) to Jun. 2023 (0.02). It may suggest that Qualtec Co is progressively becoming less dependent on debt to grow their business.

Qualtec Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qualtec 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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Qualtec Co LT-Debt-to-Total-Asset Chart

Qualtec Co Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.12

0.07

0.02

Qualtec Co Semi-Annual Data
	Jun21	Jun22	Jun23
LT-Debt-to-Total-Asset	0.12	0.07	0.02

Qualtec Co LT-Debt-to-Total-Asset Calculation

Qualtec Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	77.183	/	3177.77
	=	0.02

Qualtec Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	77.183	/	3177.77
	=	0.02

Qualtec Co (TSE:9165) 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.

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Qualtec Co (TSE:9165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qualtec Co Ltd (TSE:9165) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-230 Sanbo-cho, Sakai-ku Sakai-shi, Osaka, JPN, 590-0906

Website

https://www.qualtec.co.jp

Qualtec Co Ltd Provides failure analysis and reliability testing of electronic components and is also engaged in the development and sale of testing equipment; fine processing of electronic components; Microfabrication centered on laser processing and surface treatment (plating) technology etc.

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