Akasaka Diesels (TSE:6022) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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

Akasaka Diesels's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that Akasaka Diesels is progressively becoming less dependent on debt to grow their business.

Akasaka Diesels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Akasaka Diesels'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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Akasaka Diesels LT-Debt-to-Total-Asset Chart

Akasaka Diesels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.05

0.06

0.08

0.06

Akasaka Diesels 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															0.04	0.04	0.04	0.06	0.04

Akasaka Diesels LT-Debt-to-Total-Asset Calculation

Akasaka Diesels'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 )
	=	885.57	/	13831.053
	=	0.06

Akasaka Diesels'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 )
	=	579.406	/	13742.202
	=

Akasaka Diesels (TSE:6022) 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.

Akasaka Diesels LT-Debt-to-Total-Asset Related Terms

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Akasaka Diesels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Akasaka Diesels Ltd (TSE:6022) » Definitions » LT-Debt-to-Total-Asset

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Address

Yurakucho 1 - chome, Yurakucho Electric Building, 14th Floor, South Building, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

http://www.akasaka-diesel.jp

Akasaka Diesels Ltd is a Japan-based machinery manufacturing company. It is mainly engaged in the design, manufacture, and sale of the marine diesel engine and other machinery and equipment. It offers marine and industrial machinery products including 4stroke engine, 2stroke engine, remote controller, institution monitoring equipment, vibration, and noise reduction technology, and air motor. The company is also engaged in selling and leasing of marine equipment, oceanographic instruments, environmental pollution control equipment, satellite utilization measuring equipment, astronomical observation equipment, castings, forged steel products, movable property, and real estate.

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