Mitsubishi (TSE:8058) LT-Debt-to-Total-Asset

: 0.21 (As of Dec. 2023)

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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. Mitsubishi's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Mitsubishi's long-term debt to total assets ratio declined from Dec. 2022 (0.21) to Dec. 2023 (0.21). It may suggest that Mitsubishi is progressively becoming less dependent on debt to grow their business.

Mitsubishi LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mitsubishi'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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Mitsubishi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.23

0.31

0.25

0.22

Mitsubishi 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																0.21	0.22	0.22	0.21	0.21

Mitsubishi LT-Debt-to-Total-Asset Calculation

Mitsubishi'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 )
	=	4897597	/	22152882
	=	0.22

Mitsubishi'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 )
	=	4822743	/	23226990
	=	0.21

Mitsubishi (TSE:8058) 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.

Mitsubishi LT-Debt-to-Total-Asset Related Terms

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Mitsubishi (TSE:8058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsubishi Corp (TSE:8058) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTSUY:USA MSBHF:USA MBI:Germany MBI:Germany MITT:Austria

Address

Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8086

Website

https://www.mitsubishicorp.com

Mitsubishi Corp is a conglomerate that operates businesses in various industries. Its operating segments include Natural Gas, Industrial materials, Petroleum & chemicals, Mineral resource, Industrial Infrastructure, Automotive, Food & Consumer Industry, Power Solution, and Urban Development.

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