Miyoshi Oil & Fat Co (TSE:4404) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Miyoshi Oil & Fat 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. Miyoshi Oil & Fat Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Miyoshi Oil & Fat Co's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.09). It may suggest that Miyoshi Oil & Fat Co is progressively becoming more dependent on debt to grow their business.

Miyoshi Oil & Fat Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miyoshi Oil & Fat 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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Miyoshi Oil & Fat Co LT-Debt-to-Total-Asset Chart

Miyoshi Oil & Fat Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.10

0.09

0.05

Miyoshi Oil & Fat Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	0.04	0.09

Miyoshi Oil & Fat Co LT-Debt-to-Total-Asset Calculation

Miyoshi Oil & Fat Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2785	/	62443
	=	0.04

Miyoshi Oil & Fat Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	5635	/	65115
	=	0.09

Miyoshi Oil & Fat Co (TSE:4404) 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.

Miyoshi Oil & Fat Co LT-Debt-to-Total-Asset Related Terms

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Miyoshi Oil & Fat Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miyoshi Oil & Fat Co Ltd (TSE:4404) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

4-64-1 Horikiri, Katsushika-ku, Tokyo, JPN

Website

http://www.miyoshi-yushi.co.jp

Miyoshi Oil & Fat Co Ltd is engaged in the manufacture and sale of margarine, shortenings, lard, whipped cream, and powdered and other edible processed fats and oils. It is also engaged in the production of fatty acids, glycerin, industrial soaps, other industrial oils and fats, treatment agents for fibers, antifoaming agents, antifoaming agents, cosmetic raw materials, heavy metal scavengers, heavy metal fixatives, and various other surfactants.

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