Kyokuto Kaihatsu Kogyo Co (TSE:7226) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Kyokuto Kaihatsu Kogyo 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. Kyokuto Kaihatsu Kogyo Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Kyokuto Kaihatsu Kogyo Co's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.06). It may suggest that Kyokuto Kaihatsu Kogyo Co is progressively becoming less dependent on debt to grow their business.

Kyokuto Kaihatsu Kogyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kyokuto Kaihatsu Kogyo 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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Kyokuto Kaihatsu Kogyo Co LT-Debt-to-Total-Asset Chart

Kyokuto Kaihatsu Kogyo Co Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.06

Kyokuto Kaihatsu Kogyo 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															0.06	0.06	0.06	0.06	0.06

Kyokuto Kaihatsu Kogyo Co LT-Debt-to-Total-Asset Calculation

Kyokuto Kaihatsu Kogyo Co'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 )
	=	10136	/	170398
	=	0.06

Kyokuto Kaihatsu Kogyo Co'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 )
	=	10138	/	161328
	=	0.06

Kyokuto Kaihatsu Kogyo Co (TSE:7226) 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.

Kyokuto Kaihatsu Kogyo Co LT-Debt-to-Total-Asset Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kyokuto Kaihatsu Kogyo Co Ltd (TSE:7226) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545

Website

http://www.kyokuto.com

Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

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