Toyo Drilube Co (TSE:4976) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Toyo Drilube 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. Toyo Drilube Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Toyo Drilube Co's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.03). It may suggest that Toyo Drilube Co is progressively becoming less dependent on debt to grow their business.

Toyo Drilube Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toyo Drilube 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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Toyo Drilube Co LT-Debt-to-Total-Asset Chart

Toyo Drilube Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.04

0.03

0.05

0.04

0.03

Toyo Drilube 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															0.04	0.03	0.03	0.03	0.03

Toyo Drilube Co LT-Debt-to-Total-Asset Calculation

Toyo Drilube Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	346.5	/	12012.012
	=	0.03

Toyo Drilube 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 )
	=	346.5	/	12012.012
	=	0.03

Toyo Drilube Co (TSE:4976) 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.

Toyo Drilube Co LT-Debt-to-Total-Asset Related Terms

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Toyo Drilube Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyo Drilube Co Ltd (TSE:4976) » Definitions » LT-Debt-to-Total-Asset

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Address

1-26-4, Daizawa, Setagaya-ku, Tokyo, JPN, 155-0032

Website

http://www.drilube.co.jp

Toyo Drilube Co Ltd Is engaged in the research and development, manufacturing, coating processing, and sales of DrilubeR products.

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