Taihei Dengyo Kaisha (TSE:1968) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Taihei Dengyo Kaisha's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.09). It may suggest that Taihei Dengyo Kaisha is progressively becoming more dependent on debt to grow their business.

Taihei Dengyo Kaisha LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taihei Dengyo Kaisha'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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Taihei Dengyo Kaisha LT-Debt-to-Total-Asset Chart

Taihei Dengyo Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.09

0.10

0.06

Taihei Dengyo Kaisha 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															0.06	0.06	-	0.09	0.09

Taihei Dengyo Kaisha LT-Debt-to-Total-Asset Calculation

Taihei Dengyo Kaisha'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 )
	=	8881	/	153023
	=	0.06

Taihei Dengyo Kaisha'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 )
	=	13525	/	153349
	=	0.09

Taihei Dengyo Kaisha (TSE:1968) 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.

Taihei Dengyo Kaisha LT-Debt-to-Total-Asset Related Terms

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Taihei Dengyo Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taihei Dengyo Kaisha Ltd (TSE:1968) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

2-4, Kanda, Jimbo-cho, Chiyoda-ku, Tokyo, JPN, 101-8416

Website

http://www.taihei-dengyo.co.jp

Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.

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