Otani Kogyo Co (TSE:5939) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Otani Kogyo 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. Otani Kogyo Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Otani Kogyo Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Otani Kogyo Co is progressively becoming more dependent on debt to grow their business.

Otani Kogyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Otani Kogyo 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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Otani Kogyo Co LT-Debt-to-Total-Asset Chart

Otani Kogyo Co Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.06

Otani Kogyo 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															-	-	0.06	0.06	0.06

Otani Kogyo Co LT-Debt-to-Total-Asset Calculation

Otani Kogyo 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 )
	=	427.142	/	7189.471
	=	0.06

Otani Kogyo 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 )
	=	404.891	/	7220.149
	=

Otani Kogyo Co (TSE:5939) 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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Otani Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otani Kogyo Co Ltd (TSE:5939) » Definitions » LT-Debt-to-Total-Asset

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Address

Nishi Gotanda 7 - 22 - 17, TOC Building, 10th Floor, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.otanikogyo.com

Otani Kogyo Co Ltd is a Japan based company engaged in the manufacture and sales of overhead wire hardware for power distribution, communication lines, CATV, hardware for disaster prevention radio, rock screws, and others. It also constructs, manufactures and sells studs, and involved in hot-dip galvanizing process.

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