Suminoe Co (TSE:3501) LT-Debt-to-Total-Asset : 0.12 (As of May. 2024)

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What is Suminoe 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. Suminoe Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.12.

Suminoe Co's long-term debt to total assets ratio increased from May. 2023 (0.11) to May. 2024 (0.12). It may suggest that Suminoe Co is progressively becoming more dependent on debt to grow their business.

Suminoe Co LT-Debt-to-Total-Asset Historical Data

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

Suminoe Co Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.12

0.09

0.11

0.12

Suminoe Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.12	0.11	0.12

Suminoe Co LT-Debt-to-Total-Asset Calculation

Suminoe Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	11054	/	92199
	=	0.12

Suminoe Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	11054	/	92199
	=	0.12

Suminoe Co (TSE:3501) 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.

Suminoe Co LT-Debt-to-Total-Asset Related Terms

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Suminoe Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suminoe Co Ltd (TSE:3501) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

11-20, Minami-Semba 3-Chome, Chuo-ku, Osaka, JPN, 542-8504

Website

https://www.suminoe.co.jp

Suminoe Co Ltd is a textile company based in Japan. The company is engaged in the following business segment which includes Interior Fittings Segment(Carpets, curtains, wallpaper, flooring materials, etc.). Automotive Textiles and Traffic Facilities Segment (Interior and exterior materials for automobiles, buses, trains, etc.), and Functional Materials Segment (Electric carpets, deodorization-related products, interior materials for aircraft, etc.).

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