Fukuvi Chemical Industry Co (TSE:7871) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Fukuvi Chemical Industry 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. Fukuvi Chemical Industry Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Fukuvi Chemical Industry Co's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Fukuvi Chemical Industry Co is progressively becoming more dependent on debt to grow their business.

Fukuvi Chemical Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fukuvi Chemical Industry 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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Fukuvi Chemical Industry Co LT-Debt-to-Total-Asset Chart

Fukuvi Chemical Industry Co Annual Data

Trend

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Mar23

LT-Debt-to-Total-Asset

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0.01

Fukuvi Chemical Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Fukuvi Chemical Industry Co LT-Debt-to-Total-Asset Calculation

Fukuvi Chemical Industry Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	518	/	50760
	=	0.01

Fukuvi Chemical Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	727	/	52292
	=	0.01

Fukuvi Chemical Industry Co (TSE:7871) 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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Fukuvi Chemical Industry Co (TSE:7871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fukuvi Chemical Industry Co Ltd (TSE:7871) » Definitions » LT-Debt-to-Total-Asset

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Address

33-66 Sanjuhassha-cho, Fukui, JPN, 918-8585

Website

http://www.fukuvi.co.jp

Fukuvi Chemical Industry Co Ltd is the plastic extrusion manufacturer of construction and industrial products in Japan. The company's brand portfolio consists of PlusWood, Base Board, Corner Bead, among others. The company also act as an Original Equipment Manufacturer that offers extrusions and innovative design solutions that are tailored to its customers needs. It serves as an original equipment manufacturer for the various industries namely Window Frames, Refrigerated Display Cases, Cooler Ducts for Vehicles, and many other applications.

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