Toyo Electric (NGO:6655) Debt-to-Asset : 0.18 (As of Sep. 2024)

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What is Toyo Electric Debt-to-Asset?

Toyo Electric's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円1,549 Mil. Toyo Electric's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円414 Mil. Toyo Electric's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was 円10,719 Mil. Toyo Electric's debt to asset for the quarter that ended in Sep. 2024 was 0.18.

Toyo Electric Debt-to-Asset Historical Data

The historical data trend for Toyo Electric's Debt-to-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 Electric Debt-to-Asset Chart

Toyo Electric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.19

0.14

0.19

0.17

Toyo Electric Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.18	0.17	0.16	0.17	0.18

Competitive Comparison of Toyo Electric's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Toyo Electric's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toyo Electric's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Electric's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Toyo Electric's Debt-to-Asset falls into.

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Toyo Electric Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Toyo Electric's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1252.688	+	574.448)	/	10855.127
	=	0.17

Toyo Electric's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1548.88	+	414.484)	/	10718.626
	=	0.18

Toyo Electric (NGO:6655) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Toyo Electric Debt-to-Asset Related Terms

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Toyo Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Electric Corp (NGO:6655) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

2-156 Ajiyoshi-cho, Aichi, Kasugai, JPN, 486-8585

Website

http://www.toyo-elec.co.jp

Toyo Electric Corp is a Japan based company engaged in the manufacture and maintenance of switchboards and transformers. It offers electric devices, engineering products and transformers. Electric devices include multi-beam sensor, elevator type SOT-AV product series, SPC-MX/SX product series and other products.

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