Mitsubishi Electric (Mitsubishi Electric) Debt-to-Asset

: 0.10 (As of Dec. 2023)

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Mitsubishi Electric's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,119 Mil. Mitsubishi Electric's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,799 Mil. Mitsubishi Electric's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $40,250 Mil. Mitsubishi Electric's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

Mitsubishi Electric Debt-to-Asset Historical Data

The historical data trend for Mitsubishi Electric'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.

* Premium members only.

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

0.07

0.09

0.08

0.06

0.07

Mitsubishi Electric 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																0.09	0.07	0.07	0.07	0.10

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric Debt-to-Asset Distribution

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

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

Mitsubishi Electric Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mitsubishi Electric'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
	=	(1393.82	+	1604.422)	/	41765.221
	=	0.07

Mitsubishi Electric'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
	=	(2119.022	+	1799.231)	/	40249.636
	=	0.10

Mitsubishi Electric (OTCPK:MIELY) 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.

Mitsubishi Electric Debt-to-Asset Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.