Toyo Tire (TSE:5105) Debt-to-Asset : 0.14 (As of Mar. 2024)

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What is Toyo Tire Debt-to-Asset?

Toyo Tire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円18,311 Mil. Toyo Tire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円70,783 Mil. Toyo Tire's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円660,455 Mil. Toyo Tire's debt to asset for the quarter that ended in Mar. 2024 was 0.13.

Toyo Tire Debt-to-Asset Historical Data

The historical data trend for Toyo Tire's Debt-to-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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Toyo Tire Debt-to-Asset Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.24

0.22

0.13

Toyo Tire Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.24	0.20	0.17	0.13	0.14

Competitive Comparison of Toyo Tire's Debt-to-Asset

For the Auto Parts subindustry, Toyo Tire's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toyo Tire's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Toyo Tire's Debt-to-Asset falls into.

Toyo Tire Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Toyo Tire's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11653	+	70992)	/	645480
	=	0.13

Toyo Tire's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(18311	+	70783)	/	660455
	=	0.13

Toyo Tire (TSE:5105) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Toyo Tire Debt-to-Asset Related Terms

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Toyo Tire (TSE:5105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (TSE:5105) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TOTTF:USA

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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