Sukegawa Electric Co (TSE:7711) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Sukegawa Electric 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. Sukegawa Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Sukegawa Electric Co's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.09). It may suggest that Sukegawa Electric Co is progressively becoming more dependent on debt to grow their business.

Sukegawa Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sukegawa Electric 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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Sukegawa Electric Co LT-Debt-to-Total-Asset Chart

Sukegawa Electric Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.12

0.06

0.11

0.08

0.10

Sukegawa Electric 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															0.08	0.08	0.10	0.10	0.09

Sukegawa Electric Co LT-Debt-to-Total-Asset Calculation

Sukegawa Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	629.862	/	6351.876
	=	0.10

Sukegawa Electric 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 )
	=	586	/	6825.677
	=	0.09

Sukegawa Electric Co (TSE:7711) 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.

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Sukegawa Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sukegawa Electric Co Ltd (TSE:7711) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3333-23 Kamitezuna, Ibaraki Prefecture, Takahagi, JPN, 318-0004

Website

http://www.sukegawadenki.co.jp

Sukegawa Electric Co Ltd is engaged in manufacture of energy and industrial systems business. The products of the company include thermal equipment, temperature sensor, MI cable, molten metal equipment, vaccum equipment, and sodium related products.

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