Placo Co (TSE:6347) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Placo 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. Placo Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Placo Co's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.13). It may suggest that Placo Co is progressively becoming less dependent on debt to grow their business.

Placo Co LT-Debt-to-Total-Asset Historical Data

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

Placo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.21

0.19

0.18

0.17

0.29

Placo 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															0.30	0.29	0.29	0.34	0.13

Placo Co LT-Debt-to-Total-Asset Calculation

Placo 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 )
	=	1086.028	/	3732.445
	=	0.29

Placo 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 )
	=	464.21	/	3589.235
	=	0.13

Placo Co (TSE:6347) 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.

Placo Co LT-Debt-to-Total-Asset Related Terms

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Placo Co (TSE:6347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Placo Co Ltd (TSE:6347) » Definitions » LT-Debt-to-Total-Asset

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Address

550 Sasakubo Shinda, Iwatsuki-ku, Saitama prefecture, Saitama, JPN, 339 8558

Website

http://www.placo.co.jp

Placo Co Ltd is a Japanese manufacturer of the plastic processing machine and recycling equipment. It offers products such as blown film forming machine, blow molding machine, recycling machine, labor-saving equipment, and environment-related equipment, among others.

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