KENKO Mayonnaise Co (TSE:2915) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is KENKO Mayonnaise 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. KENKO Mayonnaise Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

KENKO Mayonnaise Co's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.05). It may suggest that KENKO Mayonnaise Co is progressively becoming less dependent on debt to grow their business.

KENKO Mayonnaise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for KENKO Mayonnaise 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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KENKO Mayonnaise Co LT-Debt-to-Total-Asset Chart

KENKO Mayonnaise Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.12

0.09

0.07

0.06

KENKO Mayonnaise 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															0.06	0.06	-	0.05	0.05

KENKO Mayonnaise Co LT-Debt-to-Total-Asset Calculation

KENKO Mayonnaise 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 )
	=	3815	/	67370
	=	0.06

KENKO Mayonnaise 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 )
	=	3554	/	65443
	=	0.05

KENKO Mayonnaise Co (TSE:2915) 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.

KENKO Mayonnaise Co LT-Debt-to-Total-Asset Related Terms

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KENKO Mayonnaise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KENKO Mayonnaise Co Ltd (TSE:2915) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3-8-13, Takaito Higashi, Suginami-ku, Tokyo, JPN

Website

http://www.kenkomayo.co.jp

KENKO Mayonnaise Co Ltd is a food processing company, based in Japan. The company is engaged in the manufacturing, processing, and distribution of a variety of food products such as salads, delicatessen, mayonnaise, dressings, sauces and egg products. Also, the group is engaged in the shop operation and overseas business. Some of its products include GLOBAL mayonnaise; KENKO Restaurant Mayonnaise; Triple Balance Non Oil Bonito; Garlic Butter sauce; SOUZAITEI Frozen Thick Omelet H and others.

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