Morimatsu International Holdings Co (HKSE:02155) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Morimatsu International Holdings 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. Morimatsu International Holdings Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Morimatsu International Holdings Co's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Morimatsu International Holdings Co is progressively becoming less dependent on debt to grow their business.

Morimatsu International Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Morimatsu International Holdings 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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Morimatsu International Holdings Co LT-Debt-to-Total-Asset Chart

Morimatsu International Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

Morimatsu International Holdings Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.01	0.03	0.03	0.02

Morimatsu International Holdings Co LT-Debt-to-Total-Asset Calculation

Morimatsu International Holdings Co'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 )
	=	212.737	/	9769.716
	=	0.02

Morimatsu International Holdings Co'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 )
	=	212.737	/	9769.716
	=	0.02

Morimatsu International Holdings Co (HKSE:02155) 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.

Morimatsu International Holdings Co LT-Debt-to-Total-Asset Related Terms

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Morimatsu International Holdings Co (HKSE:02155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morimatsu International Holdings Co Ltd (HKSE:02155) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1S5:Germany

Address

No. 29 Jinwen Road, Pudong New District, Zhuqiao Town, Shanghai, CHN, 201323

Website

http://www.morimatsu-online.com

Morimatsu International Holdings Co Ltd is a pressure equipment manufacturer and comprehensive pressure equipment solution provider in China. It offers traditional pressure equipment, modular pressure equipment, and pressure equipment-related value-added services. Geographically, the group has a presence in China, North America, Asia, Europe, Africa, and others, from which the majority of revenue derives from China.

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