Toho Lamac Co (TSE:7422) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Toho Lamac 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. Toho Lamac Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Toho Lamac Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.00). It may suggest that Toho Lamac Co is progressively becoming less dependent on debt to grow their business.

Toho Lamac Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toho Lamac 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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Toho Lamac Co LT-Debt-to-Total-Asset Chart

Toho Lamac Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

Toho Lamac 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	-	-	-

Toho Lamac Co LT-Debt-to-Total-Asset Calculation

Toho Lamac 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 )
	=	0	/	5956.952
	=	0.00

Toho Lamac 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 )
	=	0	/	6018.894
	=	0.00

Toho Lamac Co (TSE:7422) 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.

Toho Lamac Co LT-Debt-to-Total-Asset Related Terms

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Toho Lamac Co (TSE:7422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toho Lamac Co Ltd (TSE:7422) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-42-6 Yushima, Bunkyo-ku, Tokyo, JPN, 113-8513

Website

http://www.toho-lamac.co.jp

Toho Lamac Co., Ltd., is engaged in wholesaling of all-purpose shoes for men, women, and children. The company products include: synthetic leather shoes, sports shoes, bicycles, and luxury brand shoes, among others. It markets its products under the Shoezoo, Sonia Parenti, Fit Partner, Nice Claup, Apricot, Leon, Hocco, &Rouge, B.C.Company, Mc Marie Claire, Keds, Royal Albert Hall, And Simple Life brand names.

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