Yorozu (TSE:7294) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Yorozu 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. Yorozu's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Yorozu's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.11). It may suggest that Yorozu is progressively becoming less dependent on debt to grow their business.

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

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

Yorozu Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.20

0.12

0.13

0.10

Yorozu Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.09	0.11	0.16

Yorozu LT-Debt-to-Total-Asset Calculation

Yorozu'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 )
	=	14210	/	142257
	=	0.10

Yorozu'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 )
	=	16229	/	148364
	=

Yorozu (TSE:7294) 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.

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

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Yorozu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yorozu Corp (TSE:7294) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3-7-60 Tarumachi Kohoku-ku, Yokohama-shi, Kanagawa, JPN, 222-8560

Website

http://www.yorozu-corp.co.jp

Yorozu Corp is a manufacturer of automotive parts and components. The company produces front and rear suspension members, rear beams, links, oil pans, break paddles, frames and frame components, rear cab mounts and links, and front frames used in cars, pickup cars, trucks, and tractors. Next to its auto part business, the company manufactures dies and equipment for metal production purposes. The company operates in three major markets--Japan, the Americas, and Asia--all of which contribute equally to the company's top line.

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