Yokohama Wright Industries Co (TSE:1452) LT-Debt-to-Total-Asset : 0.06 (As of Aug. 2023)

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What is Yokohama Wright Industries 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. Yokohama Wright Industries Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.06.

Yokohama Wright Industries Co's long-term debt to total assets ratio declined from Aug. 2022 (0.19) to Aug. 2023 (0.06). It may suggest that Yokohama Wright Industries Co is progressively becoming less dependent on debt to grow their business.

Yokohama Wright Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yokohama Wright Industries 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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Yokohama Wright Industries Co LT-Debt-to-Total-Asset Chart

Yokohama Wright Industries Co Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.22

0.16

0.24

0.18

0.06

Yokohama Wright Industries Co Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.20	0.18	0.19	0.06	0.06

Yokohama Wright Industries Co LT-Debt-to-Total-Asset Calculation

Yokohama Wright Industries Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	100.151	/	1812.35
	=	0.06

Yokohama Wright Industries Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	92.297	/	1656.704
	=	0.06

Yokohama Wright Industries Co (TSE:1452) 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.

Yokohama Wright Industries Co LT-Debt-to-Total-Asset Related Terms

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Yokohama Wright Industries Co (TSE:1452) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yokohama Wright Industries Co Ltd (TSE:1452) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Imaicho, Hodogaya-ku, Yokohama, Kanagawa Prefecture, Tokyo, JPN, 240-0035

Website

https://www.y-wright.com

YOKOHAMA WRIGHT Industries Co Ltd is engaged in providing engineering and construction services. The company's services include existing pile removal work, demolition and civil engineering set, underground obstacle removal work, mega solar business, among others.

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