Miyoshi (SGX:M03) LT-Debt-to-Total-Asset : 0.03 (As of Aug. 2024)

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What is Miyoshi 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. Miyoshi's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.03.

Miyoshi's long-term debt to total assets ratio declined from May. 2023 (0.13) to Aug. 2024 (0.03). It may suggest that Miyoshi is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Miyoshi'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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Miyoshi LT-Debt-to-Total-Asset Chart

Miyoshi Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.06

0.09

0.08

0.05

0.03

Miyoshi Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.05	0.04	0.04	0.03

Miyoshi LT-Debt-to-Total-Asset Calculation

Miyoshi's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	1.608	/	48.028
	=	0.03

Miyoshi's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	1.608	/	48.028
	=

Miyoshi (SGX:M03) 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.

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

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Miyoshi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miyoshi Ltd (SGX:M03) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26, Boon Lay Way, No. 01-80, Tradehub 21, Singapore, SGP, 609970

Website

https://www.miyoshi.biz

Miyoshi Ltd is employed in designing and manufacturing mould and precision pressed parts and trading in related products and trading commodities. It operates in four segments. The Data Storage segment is engaged in the manufacture of metal semi-finished components for hard disk drives and removable storage devices, The Consumer Electronics segment is engaged in the manufacture of metal semi-finished components for photocopiers, scanners, and printers, The Automotive segment is engaged in the manufacture of finished products of light electric vehicles and semi-finished metal components and The Other segment includes commodities trading and rental income arising from investment properties.

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