Daiko Denshi Tsushin (TSE:8023) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Daiko Denshi Tsushin 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. Daiko Denshi Tsushin's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Daiko Denshi Tsushin's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Daiko Denshi Tsushin is progressively becoming less dependent on debt to grow their business.

Daiko Denshi Tsushin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Daiko Denshi Tsushin'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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Daiko Denshi Tsushin LT-Debt-to-Total-Asset Chart

Daiko Denshi Tsushin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Daiko Denshi Tsushin 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	-	-	-

Daiko Denshi Tsushin LT-Debt-to-Total-Asset Calculation

Daiko Denshi Tsushin'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 )
	=	257.262	/	25617.419
	=	0.01

Daiko Denshi Tsushin'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 )
	=	10.04	/	25686.61
	=	0.00

Daiko Denshi Tsushin (TSE:8023) 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.

Daiko Denshi Tsushin LT-Debt-to-Total-Asset Related Terms

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Daiko Denshi Tsushin (TSE:8023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daiko Denshi Tsushin Ltd (TSE:8023) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Ageba-cho, Shinjuku-ku, Tokyo, JPN, 162-8565

Website

http://www.daikodenshi.jp

Daiko Denshi Tsushin Ltd is engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.

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