Mino Ceramic Co (TSE:5356) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Mino Ceramic 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. Mino Ceramic Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Mino Ceramic Co's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Mino Ceramic Co is progressively becoming more dependent on debt to grow their business.

Mino Ceramic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mino Ceramic 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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Mino Ceramic Co LT-Debt-to-Total-Asset Chart

Mino Ceramic Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.02

0.03

0.02

0.01

Mino Ceramic 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															0.01	0.01	0.01	0.01	0.01

Mino Ceramic Co LT-Debt-to-Total-Asset Calculation

Mino Ceramic 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 )
	=	290	/	20384.834
	=	0.01

Mino Ceramic 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 )
	=	260	/	20543.479
	=

Mino Ceramic Co (TSE:5356) 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.

Mino Ceramic Co LT-Debt-to-Total-Asset Related Terms

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Mino Ceramic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Mino Ceramic Co Ltd (TSE:5356) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5356:Japan

Address

17-28 Meieki Minami 1-Chome, Nakamura-ku Nagoya-ku, Nagoya, JPN, 450-0003

Website

http://www.mino-ceramic.co.jp

Mino Ceramic Co Ltd is engaged in the designing, manufacturing, and sales of refractories and refractory materials, industrial kiln furnaces and accessories. heat treatment/designing and construction of automation building materials and paving materials, and ceramic products for industrial use.

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