Maruha Nichiro (TSE:1333) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Maruha Nichiro 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. Maruha Nichiro's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Maruha Nichiro's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.19). It may suggest that Maruha Nichiro is progressively becoming less dependent on debt to grow their business.

Maruha Nichiro LT-Debt-to-Total-Asset Historical Data

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

Maruha Nichiro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.26

0.23

0.20

0.17

Maruha Nichiro 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															0.18	0.17	-	0.19	0.19

Maruha Nichiro LT-Debt-to-Total-Asset Calculation

Maruha Nichiro'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 )
	=	116841	/	671801
	=	0.17

Maruha Nichiro'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 )
	=	132820	/	692605
	=	0.19

Maruha Nichiro (TSE:1333) 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.

Maruha Nichiro LT-Debt-to-Total-Asset Related Terms

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Maruha Nichiro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maruha Nichiro Corp (TSE:1333) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6MN:Germany

Address

3-20-20 Toyosu, Koto-ku, Toyosu Front, Tokyo, JPN

Website

http://www.maruha-nichiro.co.jp

Maruha Nichiro Corp is a Japan-based company mainly engaged in the processing and sale of animal-based products. The company mainly sells animal derivatives which include frozen and canned meat and sauces. It also sells desserts, health foods, and confectioneries.

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