HOKKO Chemical Industry Co (TSE:4992) LT-Debt-to-Total-Asset : 0.01 (As of May. 2024)

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What is HOKKO Chemical Industry 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. HOKKO Chemical Industry Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.01.

HOKKO Chemical Industry Co's long-term debt to total assets ratio declined from May. 2023 (0.02) to May. 2024 (0.01). It may suggest that HOKKO Chemical Industry Co is progressively becoming less dependent on debt to grow their business.

HOKKO Chemical Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for HOKKO Chemical Industry 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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HOKKO Chemical Industry Co LT-Debt-to-Total-Asset Chart

HOKKO Chemical Industry Co Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.03

0.02

HOKKO Chemical Industry Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.02

HOKKO Chemical Industry Co LT-Debt-to-Total-Asset Calculation

HOKKO Chemical Industry Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	1000	/	65322
	=	0.02

HOKKO Chemical Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	1000	/	83214
	=	0.01

HOKKO Chemical Industry Co (TSE:4992) 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.

HOKKO Chemical Industry Co LT-Debt-to-Total-Asset Related Terms

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HOKKO Chemical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » HOKKO Chemical Industry Co Ltd (TSE:4992) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-5-4 Nihonbashi Honcho, Sumitomo Real Estate Nihonbashi Building, Chuo-ku, Tokyo, JPN, 103-8341

Website

http://www.hokkochem.co.jp

HOKKO Chemical Industry Co Ltd is engaged in crop protection products business in the Japanese market as a manufacturer and distributor. The company also manufactures and markets chemicals, such as organophosphines, octyltin compounds, fragrance raw materials, and intermediates for agrochemicals and pharmaceutical chemicals, specialty styrene and among others.

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