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Tecnisco (TSE:2962) LT-Debt-to-Total-Asset : 0.26 (As of Jun. 2023)


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What is Tecnisco 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. Tecnisco's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.26.

Tecnisco's long-term debt to total assets ratio increased from Jun. 2021 (0.15) to Jun. 2023 (0.26). It may suggest that Tecnisco is progressively becoming more dependent on debt to grow their business.


Tecnisco LT-Debt-to-Total-Asset Historical Data

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

Tecnisco Annual Data
Trend Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset
0.15 0.11 0.26

Tecnisco Semi-Annual Data
Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset 0.15 0.11 0.26

Tecnisco LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )/Total Assets (A: Jun. 2023 )
=2124.206/8271.39
=0.26

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

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=2124.206/8271.39
=0.26

* 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.


Tecnisco  (TSE:2962) 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.


Tecnisco LT-Debt-to-Total-Asset Related Terms

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Tecnisco (TSE:2962) Business Description

Traded in Other Exchanges
N/A
Address
2-2-15, Minami-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0004
Tecnisco Ltd is engaged in the Precision products business. It manufactures and sells Metal Products, Glass Products, and Drilling tool Products. Its products include Heatsinks, a Display device for projectors and mobile, Single core drills, Double core drills, and silicon products. The company uses Cross-edge technology for its operations.

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