Futaba Industrial Co (TSE:7241) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Futaba Industrial 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. Futaba Industrial Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Futaba Industrial Co's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Sep. 2024 (0.15). It may suggest that Futaba Industrial Co is progressively becoming less dependent on debt to grow their business.

Futaba Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Futaba Industrial 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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Futaba Industrial Co LT-Debt-to-Total-Asset Chart

Futaba Industrial Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.20

0.18

0.14

Futaba Industrial 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															0.17	0.17	0.17	0.14	0.15

Futaba Industrial Co LT-Debt-to-Total-Asset Calculation

Futaba Industrial 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 )
	=	47137	/	334780
	=	0.14

Futaba Industrial 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 )
	=	44903	/	294280
	=

Futaba Industrial Co (TSE:7241) 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.

Futaba Industrial Co LT-Debt-to-Total-Asset Related Terms

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Futaba Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Futaba Industrial Co Ltd (TSE:7241) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Azaochaya 1, Hashime-cho, Okazaki-shi, Aichi-ken, JPN, 444-8558

Website

http://www.futabasangyo.com

Futaba Industrial Co Ltd is engaged in manufacturing and sale of automobile and vehicle assembly parts, office equipment parts, jigs and welding machines. Its products include Muffler, exhaust manifold, body pillar, side member, suspension member, instrument panel reinforcement, cowl top, seat frame, control arm, fuel tank, canister, Precision equipment parts such as copying machines, printers, fax machines, multifunction machines, etc., parts related to domestic fuel cell cogeneration systems.

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