Eidai Co (TSE:7822) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is Eidai 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. Eidai Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

Eidai Co's long-term debt to total assets ratio declined from Jun. 2023 (0.27) to Sep. 2024 (0.26). It may suggest that Eidai Co is progressively becoming less dependent on debt to grow their business.

Eidai Co LT-Debt-to-Total-Asset Historical Data

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

Eidai Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.27

0.24

Eidai 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															0.27	0.26	0.25	0.24	0.26

Eidai Co LT-Debt-to-Total-Asset Calculation

Eidai 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 )
	=	23321	/	96118
	=	0.24

Eidai 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 )
	=	22659	/	88457
	=

Eidai Co (TSE:7822) 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.

Eidai Co LT-Debt-to-Total-Asset Related Terms

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Eidai Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Eidai Co Ltd (TSE:7822) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-10-60 Hirabayashi Minami, Suminoe Ward, Osaka, JPN, 559-8658

Website

https://www.eidai.com

Eidai Co Ltd is involved in the production and sales of housing materials and wooden boards. Its products are widely used as interior materials for residential and non-residential buildings and include material particle board, flooring, interior doors, closets, shoe boxes, system baths, decorative particle boards, and others. The company is also involved in the real estate effective utilization and solar power generation business. Its reportable segments are; Housing materials business, which generates maximum revenue, Wood board business, and Others.

Eidai Co Headlines

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