Sumitomo Osaka Cement Co (TSE:5232) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Sumitomo Osaka Cement 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. Sumitomo Osaka Cement Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Sumitomo Osaka Cement Co's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.14). It may suggest that Sumitomo Osaka Cement Co is progressively becoming less dependent on debt to grow their business.

Sumitomo Osaka Cement Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sumitomo Osaka Cement 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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Sumitomo Osaka Cement Co LT-Debt-to-Total-Asset Chart

Sumitomo Osaka Cement Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.13

Sumitomo Osaka Cement Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.13	-	0.14

Sumitomo Osaka Cement Co LT-Debt-to-Total-Asset Calculation

Sumitomo Osaka Cement 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 )
	=	46027	/	356283
	=	0.13

Sumitomo Osaka Cement 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 )
	=	48526	/	358326
	=	0.14

Sumitomo Osaka Cement Co (TSE:5232) 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.

Sumitomo Osaka Cement Co LT-Debt-to-Total-Asset Related Terms

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Sumitomo Osaka Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sumitomo Osaka Cement Co Ltd (TSE:5232) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

6-28, Rokubancho, Chiyoda-ku, Tokyo, JPN, 102-8465

Website

http://www.soc.co.jp

Sumitomo Osaka Cement Co Ltd is a producer of cement and cement-related products. The largest operating segment by revenue offers assorted cements, ready-mix concrete, cement-related solidification materials, supply of electrical power, and recycling of raw materials and fuel. Sumitomo Osaka Cement also supplies repairing and reinforcing products for concrete structures, mineral resources, optoelectronics, and advanced materials. Sumitomo's operation is focused on Japan, with nearly all its revenue generated in the Japan area.

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