Taiyo Kisokogyo Co (TSE:1758) LT-Debt-to-Total-Asset : 0.01 (As of Jan. 2024)

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What is Taiyo Kisokogyo 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. Taiyo Kisokogyo Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.01.

Taiyo Kisokogyo Co's long-term debt to total assets ratio declined from Jan. 2023 (0.02) to Jan. 2024 (0.01). It may suggest that Taiyo Kisokogyo Co is progressively becoming less dependent on debt to grow their business.

Taiyo Kisokogyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiyo Kisokogyo 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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Taiyo Kisokogyo Co LT-Debt-to-Total-Asset Chart

Taiyo Kisokogyo Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Taiyo Kisokogyo Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Taiyo Kisokogyo Co LT-Debt-to-Total-Asset Calculation

Taiyo Kisokogyo Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	139.24	/	11640.346
	=	0.01

Taiyo Kisokogyo Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	139.24	/	11640.346
	=	0.01

Taiyo Kisokogyo Co (TSE:1758) 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.

Taiyo Kisokogyo Co LT-Debt-to-Total-Asset Related Terms

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Taiyo Kisokogyo Co (TSE:1758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taiyo Kisokogyo Co Ltd (TSE:1758) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nakagawa-ku Yanagimori cho 107, 1st Floor, Taiyo building, Aichi prefecture, Nagoya, JPN, 454-0871

Website

http://www.taiyoukiso.co.jp

Taiyo Kisokogyo Co Ltd is a Japanese construction company engaged in the civil engineering and construction activities. The company is involved in the engineering work, stonecutter construction, pavement construction and steel structures construction.

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