Tokyo Electron Device (TSE:2760) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Tokyo Electron Device 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. Tokyo Electron Device's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Tokyo Electron Device's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.11). It may suggest that Tokyo Electron Device is progressively becoming less dependent on debt to grow their business.

Tokyo Electron Device LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokyo Electron Device'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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Tokyo Electron Device LT-Debt-to-Total-Asset Chart

Tokyo Electron Device Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.14

0.09

0.17

0.11

Tokyo Electron Device 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															0.17	0.15	0.14	0.12	0.11

Tokyo Electron Device LT-Debt-to-Total-Asset Calculation

Tokyo Electron Device'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 )
	=	17700	/	162567
	=	0.11

Tokyo Electron Device's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	17700	/	162567
	=	0.11

Tokyo Electron Device (TSE:2760) 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.

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Tokyo Electron Device (TSE:2760) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Electron Device Ltd (TSE:2760) » Definitions » LT-Debt-to-Total-Asset

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Address

Yokohama East Square, 1-4, Kinko-cho, Kanagawa-ku, Yokohama, JPN, 221-0056

Website

http://www.teldevice.co.jp

Tokyo Electron Device Ltd is engaged in the sales of semiconductor products, board computer products, software and other electronic components. It is also involved in the business of network and security solutions, storage solutions, and software solutions.

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