Showa Shinku Co (TSE:6384) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Showa Shinku 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. Showa Shinku Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Showa Shinku Co's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.04). It may suggest that Showa Shinku Co is progressively becoming more dependent on debt to grow their business.

Showa Shinku Co LT-Debt-to-Total-Asset Historical Data

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

Showa Shinku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.04

0.03

0.04

Showa Shinku 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															0.04	0.04	0.04	0.04	0.04

Showa Shinku Co LT-Debt-to-Total-Asset Calculation

Showa Shinku 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 )
	=	559.891	/	15467.977
	=	0.04

Showa Shinku 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 )
	=	575.52	/	14461.015
	=	0.04

Showa Shinku Co (TSE:6384) 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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Showa Shinku Co (TSE:6384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Showa Shinku Co Ltd (TSE:6384) » Definitions » LT-Debt-to-Total-Asset

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Address

3062-10 Tana, Chuo-ku, Sagamihara, Kanagawa, JPN, 252-0244

Website

http://www.showashinku.co.jp

Showa Shinku Co., Ltd. manufactures and sells vacuum equipment such as Vacuum evaporation equipment, Sputtering equipment, and others. The company's product profile includes Plasma cleaner, the Sputtering system, Multi-function type, Ultra-high Spec Vacuum Coater for Optical Multilayer, and others.

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