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Mitsubishi Gas Chemical Co (TSE:4182) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)


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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 Sep. 2024 was 0.09.

Mitsubishi Gas Chemical Co's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.09). It may suggest that Mitsubishi Gas Chemical Co is progressively becoming more 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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.07 0.07 0.10 0.10

Mitsubishi Gas Chemical Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.09 0.10 - 0.09

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 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 )
=96989/1087549
=0.09

* 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.

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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (TSE:4182) » Definitions » LT-Debt-to-Total-Asset
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TSE:4088 TSE:4202 TSE:4403 TSE:4613 TSE:4203 TSE:4205 TSE:8012 TSE:4401 TSE:5301 TSE:4118 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
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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