River Eletec (TSE:6666) Debt-to-Asset : 0.41 (As of Dec. 2023)

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What is River Eletec Debt-to-Asset?

River Eletec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,925 Mil. River Eletec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,309 Mil. River Eletec's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円10,341 Mil. River Eletec's debt to asset for the quarter that ended in Dec. 2023 was 0.41.

River Eletec Debt-to-Asset Historical Data

The historical data trend for River Eletec'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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River Eletec Debt-to-Asset Chart

River Eletec Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.68

0.66

0.60

0.39

0.37

River Eletec 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															0.35	0.37	0.37	0.41	0.41

Competitive Comparison of River Eletec's Debt-to-Asset

For the Electronic Components subindustry, River Eletec'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.

River Eletec's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, River Eletec's Debt-to-Asset distribution charts can be found below:

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

River Eletec Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

River Eletec's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(1761.098	+	1972.397)	/	10125.714
	=	0.37

River Eletec'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
	=	(1924.578	+	2308.829)	/	10341.403
	=	0.41

River Eletec (TSE:6666) 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.

River Eletec Debt-to-Asset Related Terms

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River Eletec (TSE:6666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » River Eletec Corp (TSE:6666) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-11 Fujimigaoka, Yamanashi Prefecture, Nirasaki, JPN, 407-8502

Website

http://www.river-ele.co.jp

River Eletec Corp is a company engaged in developing and producing electronic parts such as quartz crystal units, crystal oscillators, and resistors. The company's products are used for electronic equipment including digital cameras, DVD players, cellular phones, and watches.

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