Prima Meat Packers (TSE:2281) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Prima Meat Packers 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. Prima Meat Packers's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Prima Meat Packers's long-term debt to total assets ratio declined from Dec. 2023 (0.07) to Dec. 2024 (0.06). It may suggest that Prima Meat Packers is progressively becoming less dependent on debt to grow their business.

Prima Meat Packers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prima Meat Packers'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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Prima Meat Packers LT-Debt-to-Total-Asset Chart

Prima Meat Packers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.08

0.07

0.09

0.07

Prima Meat Packers 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															0.07	0.07	-	0.07	0.06

Prima Meat Packers LT-Debt-to-Total-Asset Calculation

Prima Meat Packers'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 )
	=	17028	/	244793
	=	0.07

Prima Meat Packers's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	15559	/	255688
	=	0.06

Prima Meat Packers (TSE:2281) 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.

Prima Meat Packers LT-Debt-to-Total-Asset Related Terms

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Prima Meat Packers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prima Meat Packers Ltd (TSE:2281) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4-12-2 Higashi-Shinagawa, Seaside West Tower, Tokyo, JPN, 140-5829

Website

http://www.primaham.co.jp

Prima Meat Packers Ltd is engaged in the manufacture and sale of ham, sausage, meat, and processed foods. The company, affiliated with Itochu Corp, produces vacuum-packed food products including hamburgers and meatballs.

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