Sanken Electric Co (STU:XSK) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is Sanken Electric 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. Sanken Electric Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Sanken Electric Co's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.24). It may suggest that Sanken Electric Co is progressively becoming more dependent on debt to grow their business.

Sanken Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sanken Electric 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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Sanken Electric Co LT-Debt-to-Total-Asset Chart

Sanken Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.16

0.20

0.13

0.24

Sanken Electric 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															0.13	0.17	0.14	0.24	0.24

Sanken Electric Co LT-Debt-to-Total-Asset Calculation

Sanken Electric 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 )
	=	566.252	/	2355.54
	=	0.24

Sanken Electric 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 )
	=	552.226	/	2343.656
	=	0.24

Sanken Electric Co (STU:XSK) 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.

Sanken Electric Co LT-Debt-to-Total-Asset Related Terms

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Sanken Electric Co (STU:XSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanken Electric Co Ltd (STU:XSK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SANJF:USA 6707:Japan

Address

3-6-3, Kitano, Saitama-ken, Niiza-shi, JPN, 352-8666

Website

https://www.sanken-ele.co.jp

Sanken Electric Co Ltd manufactures, sells, and purchases electric equipment and apparatuses. Its product lineup includes semiconductors, power line filters, inverters, DC power supplies, and other items. Products are offered to the automotive, power supply, LED, and other markets for purposes such as meeting global energy conservation regulations. Semiconductors are the company's leading sales generator and find use in automobiles, home appliances, and industrial automation. In addition to having its equipment manufactured domestically (Japan), and in regions such as North America, the company has stationed sales offices in each region to work with clients and meet specific needs.

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