TOKYO TEKKO Co (TSE:5445) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

View and export this data going back to 1971. Start your Free Trial

What is TOKYO TEKKO 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. TOKYO TEKKO Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

TOKYO TEKKO Co's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Sep. 2024 (0.05). It may suggest that TOKYO TEKKO Co is progressively becoming less dependent on debt to grow their business.

TOKYO TEKKO Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for TOKYO TEKKO 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.

* Premium members only.

TOKYO TEKKO Co LT-Debt-to-Total-Asset Chart

TOKYO TEKKO 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

0.03

0.06

0.08

0.07

TOKYO TEKKO 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															0.08	0.08	0.07	0.07	0.05

TOKYO TEKKO Co LT-Debt-to-Total-Asset Calculation

TOKYO TEKKO 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 )
	=	5055	/	77903
	=	0.06

TOKYO TEKKO 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 )
	=	3701	/	74597
	=

TOKYO TEKKO Co (TSE:5445) 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.

TOKYO TEKKO Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of TOKYO TEKKO Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

TOKYO TEKKO Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TOKYO TEKKO Co Ltd (TSE:5445) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-21, Ageba-cho, Shinjyuku-ku, Tokyo, JPN, 1620824

Website

http://www.tokyotekko.co.jp

TOKYO TEKKO Co Ltd is engaged in the production and sale of steel bars and processed products. It operates through Steel Business and Others segment. The firm's steel business provides reinforced concrete steel bars, mechanical joints, and steel reinforced products. Additionally, it is engaged in the provision of freight transportation and equipment maintenance services.

TOKYO TEKKO Co Headlines

No Headlines