Asahi Eito Holdings Co (TSE:5341) LT-Debt-to-Total-Asset : 0.24 (As of Nov. 2024)

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What is Asahi Eito Holdings 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. Asahi Eito Holdings Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.24.

Asahi Eito Holdings Co's long-term debt to total assets ratio increased from Aug. 2023 (0.19) to Nov. 2024 (0.24). It may suggest that Asahi Eito Holdings Co is progressively becoming more dependent on debt to grow their business.

Asahi Eito Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asahi Eito Holdings 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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Asahi Eito Holdings Co LT-Debt-to-Total-Asset Chart

Asahi Eito Holdings Co Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.18

0.21

0.18

0.26

0.24

Asahi Eito Holdings 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															0.19	0.26	0.25	0.26	0.24

Asahi Eito Holdings Co LT-Debt-to-Total-Asset Calculation

Asahi Eito Holdings 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 )
	=	616.481	/	2551.68
	=	0.24

Asahi Eito Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	616.481	/	2551.68
	=

Asahi Eito Holdings Co (TSE:5341) 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.

Asahi Eito Holdings Co LT-Debt-to-Total-Asset Related Terms

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Asahi Eito Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asahi Eito Holdings Co Ltd (TSE:5341) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1-8 Chiba-machi 1-chome, Central Oedo FN Bldg, 10th Floor, Chuo-ku, Osaka, JPN, 587-0028

Website

https://www.asahieito.co.jp

Asahi Eito Holdings Co Ltd manufactures and sells sanitation and bathroom equipment in Japan. It provides sanitation equipment including sanitary ware and accessories, flush toilets and washing equipment including bathroom vanity stands, washing faucets, among others.

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