House Foods Group (TSE:2810) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is House Foods Group 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. House Foods Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

House Foods Group's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that House Foods Group is progressively becoming more dependent on debt to grow their business.

House Foods Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for House Foods Group'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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House Foods Group LT-Debt-to-Total-Asset Chart

House Foods Group Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.01

House Foods Group 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															0.01	0.01	0.01	0.01	0.01

House Foods Group LT-Debt-to-Total-Asset Calculation

House Foods Group'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 )
	=	4078	/	431601
	=	0.01

House Foods Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4321	/	428633
	=	0.01

House Foods Group (TSE:2810) 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.

House Foods Group LT-Debt-to-Total-Asset Related Terms

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House Foods Group (TSE:2810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » House Foods Group Inc (TSE:2810) » Definitions » LT-Debt-to-Total-Asset

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Address

6-3 Kioicho, Chiyoda-ward, Tokyo, JPN, 102-8560

Website

https://www.housefoods.jp

House Foods Group Inc is a Japan-based company which produces and sells processed foods including curry roux, and spices. It also diversifies into snacks, instant noodles, and retort pouch products. The company's segments include Spice / Seasoning / Processed Food Business, Health Food Business, International Food Business. The Spice / Seasoning / Processed Food Business contributes to the majority of the company's revenue.

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