RIKEN KEIKI Co (TSE:7734) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is RIKEN KEIKI 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. RIKEN KEIKI Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

RIKEN KEIKI Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that RIKEN KEIKI Co is progressively becoming less dependent on debt to grow their business.

RIKEN KEIKI Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for RIKEN KEIKI 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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RIKEN KEIKI Co LT-Debt-to-Total-Asset Chart

RIKEN KEIKI Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.02

RIKEN KEIKI Co 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															0.01	0.02	-	0.01	0.01

RIKEN KEIKI Co LT-Debt-to-Total-Asset Calculation

RIKEN KEIKI 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 )
	=	1666.349	/	88591.497
	=	0.02

RIKEN KEIKI 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 )
	=	676.46	/	91317.519
	=	0.01

RIKEN KEIKI Co (TSE:7734) 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.

RIKEN KEIKI Co LT-Debt-to-Total-Asset Related Terms

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RIKEN KEIKI Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RIKEN KEIKI Co Ltd (TSE:7734) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-7-6 Azusawa Itabashi-Ku, Tokyo, JPN, 174-8744

Website

http://www.rikenkeiki.co.jp

RIKEN KEIKI Co Ltd is a Japan-based company engaged in the business of manufacturing and selling of gas alarms. It offers fixed and portable flammable gas detectors, toxic gas detectors and oxygen deficiency prevention detectors, portable multi-gas monitors and environmental monitors.

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