TOKYO KOKI Co (TSE:7719) LT-Debt-to-Total-Asset : 0.06 (As of Aug. 2024)

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What is TOKYO KOKI 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. TOKYO KOKI Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.06.

TOKYO KOKI Co's long-term debt to total assets ratio declined from Aug. 2023 (0.10) to Aug. 2024 (0.06). It may suggest that TOKYO KOKI Co is progressively becoming less dependent on debt to grow their business.

TOKYO KOKI Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for TOKYO KOKI 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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TOKYO KOKI Co LT-Debt-to-Total-Asset Chart

TOKYO KOKI Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.12

0.09

0.06

0.07

TOKYO KOKI 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															0.10	0.08	0.07	0.07	0.06

TOKYO KOKI Co LT-Debt-to-Total-Asset Calculation

TOKYO KOKI 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 )
	=	253.181	/	3664.823
	=	0.07

TOKYO KOKI 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 )
	=	200.022	/	3229.693
	=	0.06

TOKYO KOKI Co (TSE:7719) 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.

TOKYO KOKI Co LT-Debt-to-Total-Asset Related Terms

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TOKYO KOKI Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TOKYO KOKI Co Ltd (TSE:7719) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-9 Kandasakumacho, Chiyoda-ku, Tokyo, JPN, 101-0025

Website

http://www.tksnet.co.jp

TOKYO KOKI Co Ltd is engaged in the manufacturing and sales of testing and measuring machines and systems. In addition, it is also involved in the manufacturing and distribution of locking nuts, locking springs, special springs, bolts, and other fastening members. Its product offering includes material testing machines, component testing machines, structure testing machines, power testing machines, performance testing equipment, environmental testing equipment, high temperature/ high-pressure environment testing machines, and other testing machines.

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