Hitachi Zosen (TSE:7004) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is Hitachi Zosen Debt-to-Asset?

Hitachi Zosen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円23,565 Mil. Hitachi Zosen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円63,735 Mil. Hitachi Zosen's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円469,378 Mil. Hitachi Zosen's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

Hitachi Zosen Debt-to-Asset Historical Data

The historical data trend for Hitachi Zosen'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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Hitachi Zosen Debt-to-Asset Chart

Hitachi Zosen Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.24

0.23

0.20

0.18

0.17

Hitachi Zosen 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															0.18	0.19	0.19	0.19	0.17

Competitive Comparison of Hitachi Zosen's Debt-to-Asset

For the Pollution & Treatment Controls subindustry, Hitachi Zosen'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.

Hitachi Zosen's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hitachi Zosen's Debt-to-Asset distribution charts can be found below:

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

Hitachi Zosen Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hitachi Zosen'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
	=	(31334	+	60107)	/	533593
	=	0.17

Hitachi Zosen's Debt-to-Asset for the quarter 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
	=	(23565	+	63735)	/	469378
	=	0.19

Hitachi Zosen (TSE:7004) 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.

Hitachi Zosen Debt-to-Asset Related Terms

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Hitachi Zosen (TSE:7004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hitachi Zosen Corp (TSE:7004) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

HZS:Germany

Address

7-89, Nanko-kita 1-chome, Suminoe-ku, Osaka, JPN, 559-8559

Website

http://www.hitachizosen.co.jp

Hitachi Zosen Corp is a Japan-based industrial and engineering company. It engaged in the business domains of Green Energy, Social Infrastructure, and disaster prevention. The Company operations are classified into four reportable segments. Environmental Systems and Industrial Plants Segment include the production of environmental protection systems, water treatment systems, desalination and potabilization plants and chemical plants. Machinery segment includes the production of marine diesel engines, boilers, SCR systems, process equipment amongst others. Infrastructure segment includes bridge construction, water gates, and shield tunneling machines. Operations in the other businesses segment include the transportation business and warehousing business.

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