Meito Transportation Co (FRA:MTD) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2015)

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

What is Meito Transportation 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. Meito Transportation Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2015 was 0.05.

Meito Transportation Co's long-term debt to total assets ratio declined from Jun. 2014 (0.08) to Jun. 2015 (0.05). It may suggest that Meito Transportation Co is progressively becoming less dependent on debt to grow their business.

Meito Transportation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Meito Transportation 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.

* Premium members only.

Meito Transportation Co LT-Debt-to-Total-Asset Chart

Meito Transportation Co Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.13

0.12

0.11

0.12

0.10

Meito Transportation Co Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.06	0.10	0.05

Meito Transportation Co LT-Debt-to-Total-Asset Calculation

Meito Transportation Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2015 is calculated as

LT Debt to Total Assets (A: Mar. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2015 )	/	Total Assets (A: Mar. 2015 )
	=	22.073	/	227.345
	=	0.10

Meito Transportation Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2015 is calculated as

LT Debt to Total Assets (Q: Jun. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2015 )	/	Total Assets (Q: Jun. 2015 )
	=	11.622	/	218.656
	=	0.05

Meito Transportation Co (FRA:MTD) 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.

Meito Transportation Co LT-Debt-to-Total-Asset Related Terms

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

Meito Transportation Co (FRA:MTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meito Transportation Co Ltd (FRA:MTD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.meiun.co.jp

Meito Transportation Co., Ltd. operates as a food distribution company in Japan. Its services include general truck transport, truck transport forwarding, and truck repair.