Unozawa-Gumi Iron Works (TSE:6396) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Unozawa-Gumi Iron Works 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. Unozawa-Gumi Iron Works's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Unozawa-Gumi Iron Works's long-term debt to total assets ratio declined from Jun. 2023 (0.19) to Sep. 2024 (0.19). It may suggest that Unozawa-Gumi Iron Works is progressively becoming less dependent on debt to grow their business.

Unozawa-Gumi Iron Works LT-Debt-to-Total-Asset Historical Data

The historical data trend for Unozawa-Gumi Iron Works'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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Unozawa-Gumi Iron Works LT-Debt-to-Total-Asset Chart

Unozawa-Gumi Iron Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.25

0.24

0.23

0.21

0.17

Unozawa-Gumi Iron Works 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															0.19	0.19	0.18	0.17	0.19

Unozawa-Gumi Iron Works LT-Debt-to-Total-Asset Calculation

Unozawa-Gumi Iron Works'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 )
	=	1510.106	/	8788.69
	=	0.17

Unozawa-Gumi Iron Works'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 )
	=	1522.68	/	8149.526
	=

Unozawa-Gumi Iron Works (TSE:6396) 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.

Unozawa-Gumi Iron Works LT-Debt-to-Total-Asset Related Terms

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Unozawa-Gumi Iron Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Unozawa-Gumi Iron Works Ltd (TSE:6396) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-36-40 Shimomaruko, Ota-ku, Tokyo, JPN, 146-0092

Website

http://www.unozawa.co.jp

Unozawa-Gumi Iron Works Ltd is a Japan-based company engages in the manufacture and sale of fluid machinery, vacuum pumps, and blowers. The company offers dry vacuum pumps, rotary blowers and vacuum pumps, water ring vacuum pumps, mechanical boosters, and de-aerators.

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