Kameda Seika Co (TSE:2220) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Kameda Seika 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. Kameda Seika Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Kameda Seika Co's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.09). It may suggest that Kameda Seika Co is progressively becoming less dependent on debt to grow their business.

Kameda Seika Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kameda Seika 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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Kameda Seika Co LT-Debt-to-Total-Asset Chart

Kameda Seika Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.10

0.07

0.14

0.11

Kameda Seika Co 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															0.10	0.11	-	0.09	0.13

Kameda Seika Co LT-Debt-to-Total-Asset Calculation

Kameda Seika Co'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 )
	=	13520	/	120510
	=	0.11

Kameda Seika Co'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 )
	=	10428	/	119803
	=	0.09

Kameda Seika Co (TSE:2220) 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.

Kameda Seika Co LT-Debt-to-Total-Asset Related Terms

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Kameda Seika Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kameda Seika Co Ltd (TSE:2220) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3-1-1, Kangnam-gu, Niigata, JPN, 950-0198

Website

http://www.kamedaseika.co.jp

Kameda Seika Co Ltd is a manufacturer of rice market confection. The company's product portfolio includes soft rice cracker, hard rice cracker, jealous, hailstone, appetizers, seaweed roll, fried rice crackers, baby sweets, fusion, Kameda's special rice, other sweets and healthcare products. It sells its products to supermarkets and convenience stores such as Kameda Seika and Nissin confectionery.

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