Shoei Co (TSE:7839) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shoei 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. Shoei Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Shoei Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Shoei Co is progressively becoming more dependent on debt to grow their business.

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

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

Shoei Co Annual Data

Trend

Sep14

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Sep23

LT-Debt-to-Total-Asset

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0.01

Shoei 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															0.01	0.01	0.01	0.02	0.02

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

Shoei Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	358.422	/	32805.478
	=	0.01

Shoei 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 )
	=	510.045	/	31547.978
	=	0.02

Shoei Co (TSE:7839) 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.

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

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Shoei Co (TSE:7839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shoei Co Ltd (TSE:7839) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5-8-5 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

http://www.shoei.com

Shoei Co Ltd operates in the auto parts industry. The company is specialized in manufacturing and selling of motorcycle helmet.

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