Hosoya Pyro-Engineering Co (TSE:4274) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Hosoya Pyro-Engineering 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. Hosoya Pyro-Engineering Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Hosoya Pyro-Engineering Co's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that Hosoya Pyro-Engineering Co is progressively becoming less dependent on debt to grow their business.

Hosoya Pyro-Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hosoya Pyro-Engineering 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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Hosoya Pyro-Engineering Co LT-Debt-to-Total-Asset Chart

Hosoya Pyro-Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.05

0.06

0.07

0.06

0.03

Hosoya Pyro-Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.03	0.03	0.03

Hosoya Pyro-Engineering Co LT-Debt-to-Total-Asset Calculation

Hosoya Pyro-Engineering Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	145.181	/	4284.671
	=	0.03

Hosoya Pyro-Engineering 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 )
	=	131.547	/	4185.271
	=	0.03

Hosoya Pyro-Engineering Co (TSE:4274) 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.

Hosoya Pyro-Engineering Co LT-Debt-to-Total-Asset Related Terms

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Hosoya Pyro-Engineering Co (TSE:4274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hosoya Pyro-Engineering Co Ltd (TSE:4274) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1847 Sugio, Akiruno, Tokyo, JPN

Website

http://www.hosoya-pyro.co.jp

Hosoya Pyro-Engineering Co Ltd manufactures and sells pyrotechnics products. It is also involved in testing and evaluation activities; and disposal of pyrotechnics. The products offered by the company includes diver marker SOS, mountain marker SOS, bird cracker, no pollution smoke cylinder, rainbow smoke golf ball and other products.

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