Hirakawa Hewtech (TSE:5821) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Hirakawa Hewtech 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. Hirakawa Hewtech's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Hirakawa Hewtech's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Sep. 2024 (0.04). It may suggest that Hirakawa Hewtech is progressively becoming more dependent on debt to grow their business.

Hirakawa Hewtech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hirakawa Hewtech'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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Hirakawa Hewtech LT-Debt-to-Total-Asset Chart

Hirakawa Hewtech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.06

0.03

Hirakawa Hewtech 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															0.02	0.03	0.04	0.03	0.04

Hirakawa Hewtech LT-Debt-to-Total-Asset Calculation

Hirakawa Hewtech'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 )
	=	1493	/	46551
	=	0.03

Hirakawa Hewtech'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 )
	=	1584	/	45624
	=

Hirakawa Hewtech (TSE:5821) 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.

Hirakawa Hewtech LT-Debt-to-Total-Asset Related Terms

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Hirakawa Hewtech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hirakawa Hewtech Corp (TSE:5821) » Definitions » LT-Debt-to-Total-Asset

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Address

3-28-10 Minami-Oi, JK Omori Building, Shinagawa-ku, Tokyo, JPN, 1408551

Website

http://www.hewtech.co.jp

Hirakawa Hewtech Corp is a Japan-based company. It is mainly engaged in the manufacture and sale of electric wires, cables, electrical equipment, and medical equipment. The company is also engaged in the design, construction, supervision and contracting of electrical work and telecommunications construction. Electrical products offered by the company include micro coaxial cable, interface cable, broadcast cable, and high-frequency coaxial cable. Medical equipment offerings include industry tube and medical tube. Hirakawa Hewtech is also engaged in real estate management and leasing.

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