Mitsubishi (TSE:8058) Debt-to-Asset : 0.30 (As of Dec. 2023)

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What is Mitsubishi Debt-to-Asset?

Mitsubishi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,094,277 Mil. Mitsubishi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,822,743 Mil. Mitsubishi's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円23,226,990 Mil. Mitsubishi's debt to asset for the quarter that ended in Dec. 2023 was 0.30.

Mitsubishi Debt-to-Asset Historical Data

The historical data trend for Mitsubishi'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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Mitsubishi Debt-to-Asset Chart

Mitsubishi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.33

0.40

0.39

0.33

0.30

Mitsubishi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.30	0.30	0.29	0.30

Competitive Comparison of Mitsubishi's Debt-to-Asset

For the Conglomerates subindustry, Mitsubishi'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.

Mitsubishi's Debt-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mitsubishi's Debt-to-Asset distribution charts can be found below:

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

Mitsubishi Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mitsubishi's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(1659973	+	4897597)	/	22152882
	=	0.30

Mitsubishi'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
	=	(2094277	+	4822743)	/	23226990
	=	0.30

Mitsubishi (TSE:8058) 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.

Mitsubishi Debt-to-Asset Related Terms

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Mitsubishi (TSE:8058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsubishi Corp (TSE:8058) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MTSUY:USA MSBHF:USA MBI:Germany MBI:Germany MITT:Austria

Address

Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8086

Website

https://www.mitsubishicorp.com

Mitsubishi Corp is a conglomerate that operates businesses in various industries. Its operating segments include Natural Gas, Industrial materials, Petroleum & chemicals, Mineral resource, Industrial Infrastructure, Automotive, Food & Consumer Industry, Power Solution, and Urban Development.

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