Mitsubishi Gas Chemical Co (TSE:4182) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Mitsubishi Gas Chemical 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. Mitsubishi Gas Chemical Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Mitsubishi Gas Chemical Co's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.09). It may suggest that Mitsubishi Gas Chemical Co is progressively becoming less dependent on debt to grow their business.

Mitsubishi Gas Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mitsubishi Gas Chemical 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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Mitsubishi Gas Chemical Co LT-Debt-to-Total-Asset Chart

Mitsubishi Gas Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.07

0.10

Mitsubishi Gas Chemical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.08	0.09	0.10

Mitsubishi Gas Chemical Co LT-Debt-to-Total-Asset Calculation

Mitsubishi Gas Chemical 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 )
	=	102182	/	1068010
	=	0.10

Mitsubishi Gas Chemical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	96560	/	1060801
	=	0.09

Mitsubishi Gas Chemical Co (TSE:4182) 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.

Mitsubishi Gas Chemical Co LT-Debt-to-Total-Asset Related Terms

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Mitsubishi Gas Chemical Co (TSE:4182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (TSE:4182) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

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