Klass (TSE:6233) Debt-to-Asset : 0.42 (As of Dec. 2023)

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What is Klass Debt-to-Asset?

Klass's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,144 Mil. Klass's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,108 Mil. Klass's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円10,042 Mil. Klass's debt to asset for the quarter that ended in Dec. 2023 was 0.42.

Klass Debt-to-Asset Historical Data

The historical data trend for Klass'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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Klass Debt-to-Asset Chart

Klass Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

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0.29

0.31

0.35

0.37

0.41

Klass Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.41	0.41	0.40	0.41	0.42

Competitive Comparison of Klass's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Klass'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.

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

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

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

Klass Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Klass's Debt-to-Asset for the fiscal year that ended in Sep. 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
	=	(2163.566	+	2195.489)	/	10575.752
	=	0.41

Klass'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
	=	(2144.458	+	2108.473)	/	10041.766
	=	0.42

Klass (TSE:6233) 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.

Klass Debt-to-Asset Related Terms

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Klass (TSE:6233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Klass Corp (TSE:6233) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 Hikai, Tatsuno-cho, Hyogo prefecture, 190 Hikai, Tatsuno-cho, Tatsuno, JPN, 699-4195

Website

https://www.klass-corp.co.jp

Klass Corp is a Japan-based machinery manufacturer. The company is mainly engaged in the development, manufacturing, and sale of various automatic and labor-saving machines. Products offered by the company include wallpaper-pasting, floor construction equipment, curtain manufacturing equipment, laminating machine, Tatami manufacturing equipment, sliding door manufacturing equipment, kitchen equipment, and solar power.

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