Miyairi Valve Mfg.Co (TSE:6495) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Miyairi 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. Miyairi Valve Mfg.Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Miyairi Valve Mfg.Co's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Sep. 2024 (0.07). It may suggest that Miyairi Valve Mfg.Co is progressively becoming less dependent on debt to grow their business.

Miyairi Valve Mfg.Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miyairi 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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Miyairi Valve Mfg.Co LT-Debt-to-Total-Asset Chart

Miyairi Valve Mfg.Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.14

0.12

0.10

0.08

0.07

Miyairi Valve Mfg.Co 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															0.08	0.07	0.07	0.07	0.07

Miyairi Valve Mfg.Co LT-Debt-to-Total-Asset Calculation

Miyairi Valve Mfg.Co'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 )
	=	570.381	/	8645.255
	=	0.07

Miyairi Valve Mfg.Co'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 )
	=	566.534	/	8718.147
	=

Miyairi Valve Mfg.Co (TSE:6495) 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.

Miyairi Valve Mfg.Co LT-Debt-to-Total-Asset Related Terms

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Miyairi Valve Mfg.Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miyairi Valve Mfg.Co Ltd (TSE:6495) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2, Ginza-Nishi, Chuo-ku, Tokyo, JPN, 104-0061

Website

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

Miyairi Valve Mfg.Co Ltd operates in the liquefied petroleum gas (LPG) industry in Japan. The company is primarily engaged in the manufacturing and selling of cylinder valve for LPG, valves and equipment for other high-pressure gases, valves for other transportation and other gas equipment.

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