Toho Titanium Co (FRA:40A) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Toho Titanium 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. Toho Titanium Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Toho Titanium Co's long-term debt to total assets ratio declined from Sep. 2023 (0.17) to Sep. 2024 (0.15). It may suggest that Toho Titanium Co is progressively becoming less dependent on debt to grow their business.

Toho Titanium Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toho Titanium 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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Toho Titanium Co LT-Debt-to-Total-Asset Chart

Toho Titanium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.20

0.16

Toho Titanium Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.16	0.16	-	0.15

Toho Titanium Co LT-Debt-to-Total-Asset Calculation

Toho Titanium 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 )
	=	121.421	/	773.748
	=	0.16

Toho Titanium 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 )
	=	111.357	/	748.821
	=	0.15

Toho Titanium Co (FRA:40A) 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.

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Toho Titanium Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Titanium Co Ltd (FRA:40A) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5727:Japan

Address

3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510

Website

http://www.toho-titanium.co.jp

Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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