CHCLY (Citizen Watch Co) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Citizen Watch Co 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. Citizen Watch Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Citizen Watch Co's long-term debt to total assets ratio declined from Sep. 2023 (0.17) to Sep. 2024 (0.11). It may suggest that Citizen Watch Co is progressively becoming less dependent on debt to grow their business.

Citizen Watch Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Citizen Watch Co'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.

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Citizen Watch Co LT-Debt-to-Total-Asset Chart

Citizen Watch Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.18

0.16

0.14

Citizen Watch Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.14	0.14	0.11	0.10

Citizen Watch Co LT-Debt-to-Total-Asset Calculation

Citizen Watch Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	399.236	/	2772.987
	=	0.14

Citizen Watch Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	305.203	/	2869.748
	=	0.11

Citizen Watch Co (OTCPK:CHCLY) 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.

Citizen Watch Co LT-Debt-to-Total-Asset Related Terms

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Citizen Watch Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Citizen Watch Co Ltd (OTCPK:CHCLY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

7762:Japan CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.

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