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Sagami Rubber Industries Co (TSE:5194) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)


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What is Sagami Rubber Industries 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. Sagami Rubber Industries Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Sagami Rubber Industries Co's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Sep. 2024 (0.02). It may suggest that Sagami Rubber Industries Co is progressively becoming less dependent on debt to grow their business.

Sagami Rubber Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sagami Rubber Industries 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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Sagami Rubber Industries Co LT-Debt-to-Total-Asset Chart

Sagami Rubber Industries Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.07 0.05 0.02

Sagami Rubber Industries Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.04 0.03 0.02 0.02

Sagami Rubber Industries Co LT-Debt-to-Total-Asset Calculation

Sagami Rubber Industries Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )/Total Assets (A: Mar. 2024 )
=420.897/17716.395
=0.02

Sagami Rubber Industries Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=283.871/18598.5
=

* 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.

Sagami Rubber Industries Co  (TSE:5194) 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.

Sagami Rubber Industries Co LT-Debt-to-Total-Asset Related Terms

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Sagami Rubber Industries Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sagami Rubber Industries Co Ltd (TSE:5194) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
2-1, Moto-cho, Kanagawa-ken, Atsugi-shi, JPN, 243-0002
Website
http://www.sagami-gomu.co.jp
Sagami Rubber Industries Co Ltd engages in the manufacture and sale of condoms, plastic films, and healthcare products. The Healthcare products include condoms, medical rubber products, and probe covers, External Catheters (Urosheaths). Plastic Products contains office files and food packaging films. It also offers bathing services and daily essentials.

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