Toho Holdings Co (FRA:TON) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Toho Holdings 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. Toho Holdings Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Toho Holdings Co's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.04). It may suggest that Toho Holdings Co is progressively becoming more dependent on debt to grow their business.

Toho Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toho Holdings 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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Toho Holdings Co LT-Debt-to-Total-Asset Chart

Toho Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

0.05

0.01

0.04

Toho Holdings 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															0.01	0.04	0.04	0.04	0.04

Toho Holdings Co LT-Debt-to-Total-Asset Calculation

Toho Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	178.807	/	4749.429
	=	0.04

Toho Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	180.124	/	5126.135
	=	0.04

Toho Holdings Co (FRA:TON) 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.

Toho Holdings Co LT-Debt-to-Total-Asset Related Terms

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Toho Holdings Co (FRA:TON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Toho Holdings Co Ltd (FRA:TON) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

8129:Japan

Address

5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655

Website

http://www.tohohd.co.jp

Toho Holdings Co., Ltd. is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

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