Furuno Electric Co (TSE:6814) LT-Debt-to-Total-Asset : 0.07 (As of Aug. 2024)

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What is Furuno Electric 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. Furuno Electric Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.07.

Furuno Electric Co's long-term debt to total assets ratio declined from Aug. 2023 (0.09) to Aug. 2024 (0.07). It may suggest that Furuno Electric Co is progressively becoming less dependent on debt to grow their business.

Furuno Electric Co LT-Debt-to-Total-Asset Historical Data

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

Furuno Electric Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.09

0.11

0.10

0.07

Furuno Electric Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.07	0.07	0.08	0.07

Furuno Electric Co LT-Debt-to-Total-Asset Calculation

Furuno Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	8207	/	114370
	=	0.07

Furuno Electric Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	8703	/	118177
	=	0.07

Furuno Electric Co (TSE:6814) 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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Furuno Electric Co Business Description

Industry

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Address

9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, JPN

Website

http://www.furuno.co.jp

Furuno Electric Co Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.

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