Sanyo Shokai (TSE:8011) LT-Debt-to-Total-Asset : 0.07 (As of Nov. 2023)

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What is Sanyo Shokai 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. Sanyo Shokai's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.07.

Sanyo Shokai's long-term debt to total assets ratio stayed the same from Nov. 2022 (0.07) to Nov. 2023 (0.07).

Sanyo Shokai LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sanyo Shokai'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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Sanyo Shokai LT-Debt-to-Total-Asset Chart

Sanyo Shokai Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.11

0.06

0.03

0.07

Sanyo Shokai Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.06	0.06	0.07

Sanyo Shokai LT-Debt-to-Total-Asset Calculation

Sanyo Shokai's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	3864	/	54413
	=	0.07

Sanyo Shokai's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	3965	/	57157
	=	0.07

Sanyo Shokai (TSE:8011) 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.

Sanyo Shokai LT-Debt-to-Total-Asset Related Terms

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Sanyo Shokai (TSE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanyo Shokai Ltd (TSE:8011) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-14 Honshiocho, Shinjuku-ku, Tokyo, JPN, 160-0003

Website

https://www.sanyo-shokai.co.jp

Sanyo Shokai Ltd is a Japan-based company, engages in the manufacture and sale of textile products. It is involved in the business of manufacturing and sale of men's clothing, ladies and accessories sales of products at department stores, specialty shops, directly managed stores nationwide. It is also engaged in the business of the lease and rent of real estate properties.

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