Kibun Foods (TSE:2933) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Kibun 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. Kibun Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Kibun Foods's long-term debt to total assets ratio increased from Dec. 2022 (0.17) to Dec. 2023 (0.20). It may suggest that Kibun Foods is progressively becoming more dependent on debt to grow their business.

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

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

Kibun Foods Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.36

0.40

0.35

0.26

0.29

Kibun Foods Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.17	0.29	0.23	0.24	0.20

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

Kibun Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	18651.022	/	63750.682
	=	0.29

Kibun Foods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	14833.173	/	74816.797
	=	0.20

Kibun Foods (TSE:2933) 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.

Kibun Foods LT-Debt-to-Total-Asset Related Terms

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Kibun Foods (TSE:2933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kibun Foods Inc (TSE:2933) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-15-1, Ginza, Chuo-ku, Tokyo, JPN, 104-8101

Website

https://www.kibun.co.jp

Kibun Foods Inc is engaged in the manufacture and sale of comprehensive processed foods, mainly fish paste products.

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