Furukawa Electric Co (TSE:5801) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Furukawa Electric 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. Furukawa Electric Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Furukawa Electric Co's long-term debt to total assets ratio increased from Dec. 2022 (0.16) to Dec. 2023 (0.17). It may suggest that Furukawa Electric Co is progressively becoming more dependent on debt to grow their business.

Furukawa Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Furukawa Electric 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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Furukawa Electric Co LT-Debt-to-Total-Asset Chart

Furukawa Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.17

0.16

0.19

0.17

Furukawa Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.17	0.16	0.16	0.17

Furukawa Electric Co LT-Debt-to-Total-Asset Calculation

Furukawa Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	154547	/	934837
	=	0.17

Furukawa Electric Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	162757	/	965175
	=	0.17

Furukawa Electric Co (TSE:5801) 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.

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Furukawa Electric Co (TSE:5801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furukawa Electric Co Ltd (TSE:5801) » Definitions » LT-Debt-to-Total-Asset

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FUWAY:USA FUWAF:USA FKA:Germany

Address

Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, JPN, 100-8322

Website

http://www.furukawa.co.jp

Furukawa Electric Co Ltd offers products related to various industries and technologies. It provides products such as optical fiber cables, indoor conduits, ultra-battery, triple insulated wires, water feeding piping systems and industrial lasers. The company's segments are Telecommunications, Energy and Industrial products, Electronics and Automotive Systems, Metals, Light Metals, Services, and Others. It derives the majority of its revenues from electronics and automotive systems segment. The company operates in Japan, South-East Asia, Korea, Taiwan, India, China and North America.

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