Harima Chemicals Group (TSE:4410) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Harima Chemicals Group 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. Harima Chemicals Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Harima Chemicals Group's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.06). It may suggest that Harima Chemicals Group is progressively becoming less dependent on debt to grow their business.

Harima Chemicals Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harima Chemicals Group'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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Harima Chemicals Group LT-Debt-to-Total-Asset Chart

Harima Chemicals Group 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

0.12

0.17

0.08

Harima Chemicals Group 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															0.13	0.08	0.05	0.06	0.06

Harima Chemicals Group LT-Debt-to-Total-Asset Calculation

Harima Chemicals Group'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 )
	=	7805.738	/	92439.088
	=	0.08

Harima Chemicals Group'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 )
	=	6200	/	106403
	=	0.06

Harima Chemicals Group (TSE:4410) 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.

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Harima Chemicals Group (TSE:4410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Harima Chemicals Group Inc (TSE:4410) » Definitions » LT-Debt-to-Total-Asset

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Address

3 - chome Nihonbashi 3 - chome Chuo - ku, Tokyo, JPN, 103-0027

Website

http://www.harima.co.jp

Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a global network with presence in Europe, Asia, Oceania, North America, and South America.

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