Riken Technos (TSE:4220) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Riken Technos 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. Riken Technos's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Riken Technos's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Riken Technos is progressively becoming less dependent on debt to grow their business.

Riken Technos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riken Technos'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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Riken Technos LT-Debt-to-Total-Asset Chart

Riken Technos Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

Riken Technos 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															0.02	0.02	0.02	0.02	0.02

Riken Technos LT-Debt-to-Total-Asset Calculation

Riken Technos'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 )
	=	1801.704	/	115650.757
	=	0.02

Riken Technos'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 )
	=	2034.38	/	117336.44
	=

Riken Technos (TSE:4220) 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.

Riken Technos LT-Debt-to-Total-Asset Related Terms

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Riken Technos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Riken Technos Corp (TSE:4220) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-101, Kanda-Awajicho, Waterras Tower, Chiyoda-ku, Tokyo, JPN, 101-8336

Website

http://www.rikentechnos.co.jp

Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.

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