Daido Steel Co (TSE:5471) Debt-to-Asset : 0.30 (As of Dec. 2023)

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What is Daido Steel Co Debt-to-Asset?

Daido Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円121,442 Mil. Daido Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円118,561 Mil. Daido Steel Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円796,918 Mil. Daido Steel Co's debt to asset for the quarter that ended in Dec. 2023 was 0.30.

Daido Steel Co Debt-to-Asset Historical Data

The historical data trend for Daido Steel Co's Debt-to-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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Daido Steel Co Debt-to-Asset Chart

Daido Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.31

0.30

0.31

0.30

0.22

Daido Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.30	0.29	0.30	0.22

Competitive Comparison of Daido Steel Co's Debt-to-Asset

For the Steel subindustry, Daido Steel Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Daido Steel Co's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Daido Steel Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Daido Steel Co's Debt-to-Asset falls into.

Daido Steel Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Daido Steel Co's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(53098	+	121481)	/	787517
	=	0.22

Daido Steel Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(121442	+	118561)	/	796918
	=	0.30

Daido Steel Co (TSE:5471) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Daido Steel Co Debt-to-Asset Related Terms

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Daido Steel Co (TSE:5471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daido Steel Co Ltd (TSE:5471) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

DDL:Germany

Address

1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581

Website

http://www.daido.co.jp

Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

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