ASICS (ASCCF) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is ASICS LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. ASICS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

ASICS's long-term debt to total assets ratio increased from Dec. 2022 (0.21) to Dec. 2023 (0.22). It may suggest that ASICS is progressively becoming more dependent on debt to grow their business.

ASICS LT-Debt-to-Total-Asset Historical Data

The historical data trend for ASICS's LT-Debt-to-Total-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.

ASICS LT-Debt-to-Total-Asset Chart

ASICS Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.21

0.27

0.28

0.21

0.22

ASICS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.16	0.16	0.15	0.22

ASICS LT-Debt-to-Total-Asset Calculation

ASICS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	697.055	/	3223.442
	=	0.22

ASICS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	697.055	/	3223.442
	=	0.22

ASICS (OTCPK:ASCCF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

ASICS LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of ASICS's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

ASICS (ASCCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ASICS Corp (OTCPK:ASCCF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ASCCY:USA 7936:Japan ASI1:Germany

Address

1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, JPN, 650-8555

Website

http://www.asics.co.jp

ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

ASICS (ASCCF) Headlines

No Headlines