Tokai Senko KK (TSE:3577) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Tokai Senko KK 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. Tokai Senko KK's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Tokai Senko KK's long-term debt to total assets ratio increased from Jun. 2023 (0.09) to Sep. 2024 (0.09). It may suggest that Tokai Senko KK is progressively becoming more dependent on debt to grow their business.

Tokai Senko KK LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokai Senko KK'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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Tokai Senko KK LT-Debt-to-Total-Asset Chart

Tokai Senko KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.09

0.12

0.10

0.09

Tokai Senko KK 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															0.09	0.09	0.10	0.09	0.09

Tokai Senko KK LT-Debt-to-Total-Asset Calculation

Tokai Senko KK'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 )
	=	1272.278	/	14553.736
	=	0.09

Tokai Senko KK'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 )
	=	1270	/	14552.255
	=

Tokai Senko KK (TSE:3577) 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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Tokai Senko KK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tokai Senko KK (TSE:3577) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-28-12 Meieki, Nagoya, JPN

Website

http://www.tokai-senko.co.jp

Tokai Senko KK is engaged in the printing and dyeing of various textile products, processing, planning, and selling of textile products, and development of dyeing related automatic control equipment.

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