Sumitomo Heavy Industries (STU:SSM1) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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

Sumitomo Heavy Industries's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.06). It may suggest that Sumitomo Heavy Industries is progressively becoming more dependent on debt to grow their business.

Sumitomo Heavy Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sumitomo Heavy Industries'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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Sumitomo Heavy Industries LT-Debt-to-Total-Asset Chart

Sumitomo Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.06

0.09

0.06

Sumitomo Heavy Industries 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															0.06	0.07	0.06	0.07	0.06

Sumitomo Heavy Industries LT-Debt-to-Total-Asset Calculation

Sumitomo Heavy Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	0
	=

Sumitomo Heavy Industries'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 )
	=	485.243	/	7700.955
	=	0.06

Sumitomo Heavy Industries (STU:SSM1) 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.

Sumitomo Heavy Industries LT-Debt-to-Total-Asset Related Terms

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Sumitomo Heavy Industries (STU:SSM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sumitomo Heavy Industries Ltd (STU:SSM1) » Definitions » LT-Debt-to-Total-Asset

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SOHVY:USA 6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.

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