Hagoromo Foods (TSE:2831) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Hagoromo Foods 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. Hagoromo Foods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Hagoromo Foods's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.04) to Sep. 2024 (0.04).

Hagoromo Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hagoromo Foods'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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Hagoromo Foods LT-Debt-to-Total-Asset Chart

Hagoromo Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.07

0.05

Hagoromo Foods Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.05	0.05	0.04

Hagoromo Foods LT-Debt-to-Total-Asset Calculation

Hagoromo Foods'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 )
	=	3158.478	/	66366.798
	=	0.05

Hagoromo Foods'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 )
	=	2824.797	/	67858.99
	=

Hagoromo Foods (TSE:2831) 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.

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Hagoromo Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hagoromo Foods Corp (TSE:2831) » Definitions » LT-Debt-to-Total-Asset

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Address

11-1 Minamimachi, Suruga-ku, 3rd floor, Shizuoka Station South Building, Shizuoka Prefecture, Shizuoka, JPN

Website

http://www.hagoromofoods.co.jp

Hagoromo Foods Corp manufactures and sells a wide range of canned products including pasta, shrimp, corn, pasta, shavings, laver, sprinkling, and packaged rice.

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