Toyo Gosei Co (TSE:4970) Debt-to-Asset : 0.37 (As of Dec. 2023)

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What is Toyo Gosei Co Debt-to-Asset?

Toyo Gosei Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,301 Mil. Toyo Gosei Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,876 Mil. Toyo Gosei Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円56,832 Mil. Toyo Gosei Co's debt to asset for the quarter that ended in Dec. 2023 was 0.37.

Toyo Gosei Co Debt-to-Asset Historical Data

The historical data trend for Toyo Gosei Co'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 Gosei Co Debt-to-Asset Chart

Toyo Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.48

0.47

0.40

0.36

0.39

Toyo Gosei Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.36	0.37	0.40	0.37	0.39

Competitive Comparison of Toyo Gosei Co's Debt-to-Asset

For the Chemicals subindustry, Toyo Gosei Co'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 Gosei Co's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toyo Gosei Co's Debt-to-Asset distribution charts can be found below:

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

Toyo Gosei Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Toyo Gosei Co'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
	=	(8222	+	14793)	/	59517
	=	0.39

Toyo Gosei Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10301	+	10876)	/	56832
	=	0.37

Toyo Gosei Co (TSE:4970) 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 Gosei Co Debt-to-Asset Related Terms

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Toyo Gosei Co (TSE:4970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyo Gosei Co Ltd (TSE:4970) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-22-16, Asakusabashi Taito-ku, Hulic Asakusabashi Building, 8th Floor, Tokyo, JPN, 111-0053

Website

http://www.toyogosei.co.jp

Toyo Gosei Co., Ltd., is divided into Photosensitive materials, Green chemical, Energy, Aroma Chemical, and Logistics. Photosensitive materials include manufacturing of photoresist-type materials vital to semiconductors, LCD displays, and plasma displays. Green chemical involves recycling, purification and separation of waste solvents, Energy includes manufacturing of ionic liquids and electrolytes for lithium ion secondary batteries and double layer capacitors. Aroma chemical comprises of manufacturing and sale of materials for the fragrance and flavoring industries and Logistics involves support from storage to transport of dangerous substance.

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