Shinyei Kaisha (TSE:3004) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Shinyei Kaisha 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. Shinyei Kaisha's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Shinyei Kaisha's long-term debt to total assets ratio increased from Jun. 2023 (0.17) to Sep. 2024 (0.22). It may suggest that Shinyei Kaisha is progressively becoming more dependent on debt to grow their business.

Shinyei Kaisha LT-Debt-to-Total-Asset Historical Data

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

Shinyei Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.24

0.25

0.21

0.20

0.17

Shinyei Kaisha 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															0.17	0.23	0.20	0.17	0.22

Shinyei Kaisha LT-Debt-to-Total-Asset Calculation

Shinyei Kaisha'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 )
	=	4590	/	26574
	=	0.17

Shinyei Kaisha'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 )
	=	5542	/	25340
	=

Shinyei Kaisha (TSE:3004) 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.

Shinyei Kaisha LT-Debt-to-Total-Asset Related Terms

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Shinyei Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shinyei Kaisha (TSE:3004) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

77-1 Kyomachi, Chuo-ku, Kobe, JPN, 651-0178

Website

http://www.shinyei.co.jp

Shinyei Kaisha is engaged in the wholesale and retail of textiles, electronics, foodstuffs, and industrial materials in Japan. The company is involved in the retail sale of apparel and fashion accessories. In addition, it procures, processes, and exports frozen and fresh vegetables, frozen processed foods, and frozen marine products; and peanuts and nuts, spices, and additives.

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