Okamoto Glass Co (TSE:7746) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Okamoto Glass 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. Okamoto Glass Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Okamoto Glass Co's long-term debt to total assets ratio declined from Mar. 2023 (0.46) to Mar. 2024 (0.44). It may suggest that Okamoto Glass Co is progressively becoming less dependent on debt to grow their business.

Okamoto Glass Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Okamoto Glass 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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Okamoto Glass Co LT-Debt-to-Total-Asset Chart

Okamoto Glass Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.52

0.47

0.46

0.44

Okamoto Glass Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.46	0.46	0.48	0.44

Okamoto Glass Co LT-Debt-to-Total-Asset Calculation

Okamoto Glass 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 )
	=	3470.895	/	7987.884
	=	0.43

Okamoto Glass Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3470.895	/	7987.884
	=	0.43

Okamoto Glass Co (TSE:7746) 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.

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Okamoto Glass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okamoto Glass Co Ltd (TSE:7746) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

380, Toyofuta, Kashiwa-shi, Chiba, JPN, 277 0872

Website

http://www.ogc-jp.com

Okamoto Glass Co Ltd is engaged in the manufacture and sale of new glass for optical devices and multilayer film deposition products. The products of the company include glass material, glass molded items, optical and functional coating, glass bulb, and glass frit.

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