Tokai Kisen Co (TSE:9173) Debt-to-Asset : 0.53 (As of Dec. 2024)

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What is Tokai Kisen Co Debt-to-Asset?

Tokai Kisen Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was 円4,043 Mil. Tokai Kisen Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was 円7,848 Mil. Tokai Kisen Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was 円22,507 Mil. Tokai Kisen Co's debt to asset for the quarter that ended in Dec. 2024 was 0.53.

Tokai Kisen Co Debt-to-Asset Historical Data

The historical data trend for Tokai Kisen 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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Tokai Kisen Co Debt-to-Asset Chart

Tokai Kisen Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.63

0.60

0.57

0.53

Tokai Kisen Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.54	0.57	0.57	0.56	0.53

Competitive Comparison of Tokai Kisen Co's Debt-to-Asset

For the Marine Shipping subindustry, Tokai Kisen 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.

Tokai Kisen Co's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tokai Kisen Co's Debt-to-Asset distribution charts can be found below:

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

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Tokai Kisen Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tokai Kisen Co's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(4043.01	+	7848.246)	/	22506.656
	=	0.53

Tokai Kisen Co's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(4043.01	+	7848.246)	/	22506.656
	=	0.53

Tokai Kisen Co (TSE:9173) 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.

Tokai Kisen Co Debt-to-Asset Related Terms

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Tokai Kisen Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tokai Kisen Co Ltd (TSE:9173) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-16-1 Kaigan, Minato-ku, Tokyo, JPN, 105-6891

Website

http://www.tokaikisen.co.jp

Tokai Kisen Co Ltd is a Japan-based company mainly engaged in the marine transportation business. Its services include fleet service, trade, food and beverage, restaurant and hotel management and general passenger automobile carrier services.

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