TONE Co (TSE:5967) Debt-to-Asset : 0.05 (As of Feb. 2024)

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What is TONE Co Debt-to-Asset?

TONE Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円651 Mil. TONE Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円25 Mil. TONE Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was 円12,540 Mil. TONE Co's debt to asset for the quarter that ended in Feb. 2024 was 0.05.

TONE Co Debt-to-Asset Historical Data

The historical data trend for TONE 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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TONE Co Debt-to-Asset Chart

TONE Co Annual Data

Trend

May14

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May16

May17

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May19

May20

May21

May22

May23

Debt-to-Asset

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0.01

TONE Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.01	-	0.03	0.04	0.05

Competitive Comparison of TONE Co's Debt-to-Asset

For the Tools & Accessories subindustry, TONE 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.

TONE Co's Debt-to-Asset Distribution in the Industrial Products Industry

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

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

TONE Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TONE Co's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.937	+	0.312)	/	11345.06
	=	0.00

TONE Co's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(650.546	+	25)	/	12539.713
	=	0.05

TONE Co (TSE:5967) 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.

TONE Co Debt-to-Asset Related Terms

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TONE Co (TSE:5967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TONE Co Ltd (TSE:5967) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

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Address

1-57, Minatomachi 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0017

Website

http://www.tonetool.co.jp

TONE Co Ltd is engaged in the manufacture of work tool for the professional automotive machine direction, and industrial construction and civil engineering development, manufacturing and sales of power tools and torque management devices.

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