Sato Shoji (TSE:8065) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Sato Shoji 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. Sato Shoji's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Sato Shoji's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.06). It may suggest that Sato Shoji is progressively becoming less dependent on debt to grow their business.

Sato Shoji LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sato Shoji'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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Sato Shoji LT-Debt-to-Total-Asset Chart

Sato Shoji Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.08

0.07

0.08

0.06

Sato Shoji 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															0.08	0.08	0.07	0.07	0.06

Sato Shoji LT-Debt-to-Total-Asset Calculation

Sato Shoji'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 )
	=	10657	/	172870
	=	0.06

Sato Shoji's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	10657	/	172870
	=	0.06

Sato Shoji (TSE:8065) 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.

Sato Shoji LT-Debt-to-Total-Asset Related Terms

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Sato Shoji (TSE:8065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sato Shoji Corp (TSE:8065) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16th Floor Marunouchi Trust Tower, 1-8-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8285

Website

http://www.satoshoji.co.jp

Sato Shoji Corp is engaged in the iron and steel business. The product line includes - steel sheets, bar steels, wire rods, section steel, steel pipes, and building materials.

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