JFE Holdings (TSE:5411) Debt-to-Asset : 0.32 (As of Mar. 2024)

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What is JFE Holdings Debt-to-Asset?

JFE Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円426,428 Mil. JFE Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,403,849 Mil. JFE Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円5,754,964 Mil. JFE Holdings's debt to asset for the quarter that ended in Mar. 2024 was 0.32.

JFE Holdings Debt-to-Asset Historical Data

The historical data trend for JFE Holdings'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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JFE Holdings Debt-to-Asset Chart

JFE Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.39

0.35

0.34

0.32

JFE Holdings 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															0.34	0.38	0.34	0.34	0.32

Competitive Comparison of JFE Holdings's Debt-to-Asset

For the Steel subindustry, JFE Holdings'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.

JFE Holdings's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, JFE Holdings's Debt-to-Asset distribution charts can be found below:

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

JFE Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

JFE Holdings's Debt-to-Asset for the fiscal year 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
	=	(426428	+	1403849)	/	5754964
	=	0.32

JFE Holdings'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
	=	(426428	+	1403849)	/	5754964
	=	0.32

JFE Holdings (TSE:5411) 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.

JFE Holdings Debt-to-Asset Related Terms

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JFE Holdings (TSE:5411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JFE Holdings Inc (TSE:5411) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

JFEEF:USA JFR:Germany

Address

2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.jfe-holdings.co.jp

JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.

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