Altech Co (TSE:9972) Debt-to-Asset : 0.22 (As of Feb. 2024)

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What is Altech Co Debt-to-Asset?

Altech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円3,448 Mil. Altech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円1,473 Mil. Altech Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was 円22,127 Mil. Altech Co's debt to asset for the quarter that ended in Feb. 2024 was 0.22.

Altech Co Debt-to-Asset Historical Data

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

Altech Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Asset

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0.07

0.06

0.13

0.15

0.26

Altech 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															0.17	0.15	0.22	0.26	0.22

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

For the Specialty Industrial Machinery subindustry, Altech 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.

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

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

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

Altech Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Altech Co's Debt-to-Asset for the fiscal year that ended in Nov. 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
	=	(4135.661	+	1557.759)	/	21545.546
	=	0.26

Altech 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
	=	(3447.623	+	1472.622)	/	22127.381
	=	0.22

Altech Co (TSE:9972) 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.

Altech Co Debt-to-Asset Related Terms

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Altech Co (TSE:9972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altech Co Ltd (TSE:9972) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sumitomo Irifune Bldg, 2nd Floor, 1-1 Irifune 2-chome, Chuo-ku, Tokyo, JPN, 104-0042

Website

http://www.altech.co.jp

Altech Co Ltd is engaged in purchase and sale of industrial machinery and equipments and related services, manufacture and sale of plastic molded products.The company has two reported segments Wholesale business and Preform business. Wholesale business purchases and sells industrial machinery and equipments and provides related services. Preform business manufactures and sells performs for PET bottles, plastic caps and provides related services.

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