Daiichi Jitsugyo Co (TSE:8059) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Daiichi Jitsugyo 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. Daiichi Jitsugyo Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

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

Daiichi Jitsugyo Co LT-Debt-to-Total-Asset Historical Data

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

Daiichi Jitsugyo Co Annual Data

Trend

Mar15

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Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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Daiichi Jitsugyo 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															-	-	-	-	-

Daiichi Jitsugyo Co LT-Debt-to-Total-Asset Calculation

Daiichi Jitsugyo Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	120	/	193795
	=	0.00

Daiichi Jitsugyo 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 )
	=	150	/	182505
	=	0.00

Daiichi Jitsugyo Co (TSE:8059) 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.

Daiichi Jitsugyo Co LT-Debt-to-Total-Asset Related Terms

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Daiichi Jitsugyo Co (TSE:8059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiichi Jitsugyo Co Ltd (TSE:8059) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-6 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-8222

Website

http://www.djk.co.jp

Daiichi Jitsugyo Co Ltd is a Japan-based machinery manufacturer. Its business operations are divided into five segments including plant and energy business, industrial machinery, electronics, pharmaceuticals, and aviation business. It provides machinery for energy development, plant construction, drug formulation, semiconductors, and special-purpose vehicles and self-defense-related equipment. The company also provides after sales and maintenance services. Daiichi Jitsugyo has network operations in Japan, China, Southeast Asia, India, America And Europe.

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