Asti (TSE:6899) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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

Asti's long-term debt to total assets ratio declined from Jun. 2023 (0.20) to Sep. 2024 (0.19). It may suggest that Asti is progressively becoming less dependent on debt to grow their business.

Asti LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asti'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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Asti LT-Debt-to-Total-Asset Chart

Asti Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.16

0.19

0.22

0.19

Asti 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															0.20	0.19	0.18	0.19	0.19

Asti LT-Debt-to-Total-Asset Calculation

Asti'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 )
	=	9244.334	/	48010.343
	=	0.19

Asti'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 )
	=	8625.291	/	46564.273
	=

Asti (TSE:6899) 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.

Asti LT-Debt-to-Total-Asset Related Terms

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Asti Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asti Corp (TSE:6899) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2804 Yonezu-cho, Minami-ku, Hamamatsu-shi, Shizuoka-ken, JPN, 430-0836

Website

https://www.asti.co.jp

Asti Corp provides electrical equipment for a car, home electronics, telecommunication equipment, and control equipment. Its product profile consists of Electric control boards for washing machines, Electric control boards for dryers, Controllers for industrial robots, Corner sensor units, Electric control boards for dishwashers, Wire harnesses for cars and ships, Circuit boards for a security camera, and others.

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