Yamazaki Baking Co (TSE:2212) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Yamazaki Baking Co 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. Yamazaki Baking Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Yamazaki Baking Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that Yamazaki Baking Co is progressively becoming less dependent on debt to grow their business.

Yamazaki Baking Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yamazaki Baking Co'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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Yamazaki Baking Co LT-Debt-to-Total-Asset Chart

Yamazaki Baking Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.05

0.04

0.03

Yamazaki Baking Co 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															0.03	0.03	0.03	0.03	0.02

Yamazaki Baking Co LT-Debt-to-Total-Asset Calculation

Yamazaki Baking Co'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 )
	=	20972	/	802035
	=	0.03

Yamazaki Baking Co'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 )
	=	18895	/	790861
	=	0.02

Yamazaki Baking Co (TSE:2212) 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.

Yamazaki Baking Co LT-Debt-to-Total-Asset Related Terms

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Yamazaki Baking Co (TSE:2212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yamazaki Baking Co Ltd (TSE:2212) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-1, Iwamotocho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-8585

Website

http://www.yamazakipan.co.jp

Yamazaki Baking is the largest manufacturer of packaged baked goods in Japan, with a nationwide manufacturing and distribution network. It holds about a 40% share of domestic packaged bakery sales. Bread loaves and sweet buns contribute about 44% of group sales. Other key products include Japanese and western-style sweets, biscuits, as well as sandwiches and prepared meal boxes supplied to convenience stores and supermarkets. It also operates a chain of 1,400-plus Daily Yamazaki convenience stores in Japan. While Yamazaki also operates fresh bakeries in Asia, most of the overseas businesses remain unconsolidated given unmeaningful contribution.

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