Shindengen Electric Manufacturing Co (TSE:6844) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is Shindengen Electric Manufacturing 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. Shindengen Electric Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Shindengen Electric Manufacturing Co's long-term debt to total assets ratio increased from Dec. 2022 (0.23) to Dec. 2023 (0.23). It may suggest that Shindengen Electric Manufacturing Co is progressively becoming more dependent on debt to grow their business.

Shindengen Electric Manufacturing Co LT-Debt-to-Total-Asset Historical Data

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

Shindengen Electric Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.25

0.24

0.22

Shindengen Electric Manufacturing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.20	0.24	0.23	0.22

Shindengen Electric Manufacturing Co LT-Debt-to-Total-Asset Calculation

Shindengen Electric Manufacturing 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 )
	=	31077	/	144669
	=	0.21

Shindengen Electric Manufacturing 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 )
	=	33056	/	143934
	=	0.23

Shindengen Electric Manufacturing Co (TSE:6844) 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.

Shindengen Electric Manufacturing Co LT-Debt-to-Total-Asset Related Terms

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Shindengen Electric Manufacturing Co (TSE:6844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shindengen Electric Manufacturing Co Ltd (TSE:6844) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.shindengen.co.jp

Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.

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