Mitsubishi Motors (Mitsubishi Motors) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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

Mitsubishi Motors's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.04). It may suggest that Mitsubishi Motors is progressively becoming less dependent on debt to grow their business.

Mitsubishi Motors LT-Debt-to-Total-Asset Historical Data

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

Mitsubishi Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

0.20

0.06

0.12

0.06

Mitsubishi Motors 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															0.12	0.04	0.05	0.04	0.06

Mitsubishi Motors LT-Debt-to-Total-Asset Calculation

Mitsubishi Motors'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 )
	=	1017.704	/	16382.946
	=	0.06

Mitsubishi Motors'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 )
	=	680.303	/	16277.119
	=	0.04

Mitsubishi Motors (OTCPK:MMTOF) 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.

Mitsubishi Motors LT-Debt-to-Total-Asset Related Terms

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Mitsubishi Motors (Mitsubishi Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (OTCPK:MMTOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7211:Japan MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.