OKANO VALVE MFG Co (TSE:6492) LT-Debt-to-Total-Asset : 0.05 (As of May. 2024)

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What is OKANO VALVE MFG 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. OKANO VALVE MFG Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.05.

OKANO VALVE MFG Co's long-term debt to total assets ratio declined from May. 2023 (0.08) to May. 2024 (0.05). It may suggest that OKANO VALVE MFG Co is progressively becoming less dependent on debt to grow their business.

OKANO VALVE MFG Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for OKANO VALVE MFG 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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OKANO VALVE MFG Co LT-Debt-to-Total-Asset Chart

OKANO VALVE MFG Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.16

0.14

0.12

0.09

0.07

OKANO VALVE MFG Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.07	0.06	0.05

OKANO VALVE MFG Co LT-Debt-to-Total-Asset Calculation

OKANO VALVE MFG Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	835	/	12707
	=	0.07

OKANO VALVE MFG Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	679	/	13500
	=	0.05

OKANO VALVE MFG Co (TSE:6492) 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.

OKANO VALVE MFG Co LT-Debt-to-Total-Asset Related Terms

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OKANO VALVE MFG Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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