Daikoku Denki Co (TSE:6430) Debt-to-Asset : 0.03 (As of Dec. 2023)

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What is Daikoku Denki Co Debt-to-Asset?

Daikoku Denki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,000 Mil. Daikoku Denki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Daikoku Denki Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円59,636 Mil. Daikoku Denki Co's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

Daikoku Denki Co Debt-to-Asset Historical Data

The historical data trend for Daikoku Denki 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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Daikoku Denki Co Debt-to-Asset Chart

Daikoku Denki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.08

0.07

0.05

0.04

Daikoku Denki Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.03

Competitive Comparison of Daikoku Denki Co's Debt-to-Asset

For the Computer Hardware subindustry, Daikoku Denki 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.

Daikoku Denki Co's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daikoku Denki Co's Debt-to-Asset distribution charts can be found below:

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

Daikoku Denki Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Daikoku Denki Co's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(2000	+	0)	/	48298.781
	=	0.04

Daikoku Denki 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
	=	(2000	+	0)	/	59636.247
	=	0.03

Daikoku Denki Co (TSE:6430) 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.

Daikoku Denki Co Debt-to-Asset Related Terms

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Daikoku Denki Co (TSE:6430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daikoku Denki Co Ltd (TSE:6430) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 43, No. 5-chome, Nagoya Nagono, JPN

Website

http://www.daikoku.co.jp

Daikoku Denki Co Ltd engages in the development, manufacture, and sale of computer systems for pachinko halls and pachislo game machines. Its operations include Information Systems unit which deals with the development, manufacture, and sale of computer systems, customer premium management systems, and information disclosure systems for pachinko halls. It also offers control systems which involve in the development, manufacture, and sale of display units and control units of pachinko game machines.

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