Mitani (TSE:8066) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Mitani 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. Mitani's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Mitani's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Mitani is progressively becoming less dependent on debt to grow their business.

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

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

Mitani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

Mitani Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Mitani LT-Debt-to-Total-Asset Calculation

Mitani'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 )
	=	822	/	299056
	=	0.00

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	900	/	289904
	=	0.00

Mitani (TSE:8066) 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.

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

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Mitani Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Corp (TSE:8066) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-6-5 Marunouchi, Tokyo Marunouchi North Exit Building, 2 Floor, Chiyoda-ku, Tokyo, JPN

Website

http://www.mitani-corp.co.jp

Mitani Corp is in the businesses of Information systems, Construction, Energy and other businesses. The firm's information systems business comprises of system integration focusing on planning, developing, managing and supporting computer systems, networks, and software as well as the sale of related devices. Construction business develops, sells and manages construction materials. Its energy business sells oil, petrochemical products, coal and liquid petroleum gas. Other businesses of the firm include wind power, industrial equipment, storage facilities, lease services, restaurant management and senior lifestyle businesses.

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