KASAI KOGYO Co (TSE:7256) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is KASAI 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. KASAI KOGYO Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

KASAI KOGYO Co's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.03). It may suggest that KASAI KOGYO Co is progressively becoming less dependent on debt to grow their business.

KASAI KOGYO Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for KASAI 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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KASAI KOGYO Co LT-Debt-to-Total-Asset Chart

KASAI KOGYO Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.14

0.13

0.20

0.17

0.12

KASAI KOGYO Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.12	0.06	0.04	0.03

KASAI KOGYO Co LT-Debt-to-Total-Asset Calculation

KASAI KOGYO Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	17115	/	148825
	=	0.12

KASAI 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 )
	=	4857	/	148846
	=	0.03

KASAI KOGYO Co (TSE:7256) 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.

KASAI KOGYO Co LT-Debt-to-Total-Asset Related Terms

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KASAI KOGYO Co (TSE:7256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » KASAI KOGYO Co Ltd (TSE:7256) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

3316 Miyayama, Samukawa-machi, Koza-gun, Kanagawa Pref, JPN, 253-0106

Website

http://www.kasai.co.jp

KASAI KOGYO Co Ltd is engaged in the manufacture and sale of products for automotive interiors. Its main products include cabin trims, rear parcels, sunvisors, dash insulators, and others.

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