Tokyo Ohka Kogyo Co (TSE:4186) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Tokyo Ohka 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. Tokyo Ohka Kogyo Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Tokyo Ohka Kogyo Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Tokyo Ohka Kogyo Co is progressively becoming less dependent on debt to grow their business.

Tokyo Ohka Kogyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokyo Ohka 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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Tokyo Ohka Kogyo Co LT-Debt-to-Total-Asset Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.03

0.04

Tokyo Ohka 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															0.04	0.04	0.04	0.04	0.04

Tokyo Ohka Kogyo Co LT-Debt-to-Total-Asset Calculation

Tokyo Ohka Kogyo 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 )
	=	10000	/	251864
	=	0.04

Tokyo Ohka Kogyo 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 )
	=	10000	/	261044
	=	0.04

Tokyo Ohka Kogyo Co (TSE:4186) 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.

Tokyo Ohka Kogyo Co LT-Debt-to-Total-Asset Related Terms

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Tokyo Ohka Kogyo Co (TSE:4186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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