Meiji Electric Industries Co (TSE:3388) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Meiji Electric Industries 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. Meiji Electric Industries Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Meiji Electric Industries Co's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.00) to Sep. 2024 (0.00).

Meiji Electric Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Meiji Electric Industries 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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Meiji Electric Industries Co LT-Debt-to-Total-Asset Chart

Meiji Electric Industries Co Annual Data

Trend

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Mar24

LT-Debt-to-Total-Asset

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Meiji Electric Industries Co 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															-	-	-	-	-

Meiji Electric Industries Co LT-Debt-to-Total-Asset Calculation

Meiji Electric Industries 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 )
	=	0	/	52148.355
	=	0.00

Meiji Electric Industries 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 )
	=	0	/	50877.794
	=

Meiji Electric Industries Co (TSE:3388) 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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Meiji Electric Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meiji Electric Industries Co Ltd (TSE:3388) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-13-8 Kamejima, Nakamura-ku, Aichi, Nagoya, JPN

Website

http://www.meijidenki.co.jp

Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.

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