Daikin Industries (TSE:6367) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Daikin Industries 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. Daikin Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Daikin Industries's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.09). It may suggest that Daikin Industries is progressively becoming less dependent on debt to grow their business.

Daikin Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Daikin Industries'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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Daikin Industries LT-Debt-to-Total-Asset Chart

Daikin Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.14

0.19

0.09

0.10

0.09

Daikin Industries 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															0.10	0.07	0.07	0.06	0.09

Daikin Industries LT-Debt-to-Total-Asset Calculation

Daikin Industries'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 )
	=	441028	/	4880230
	=	0.09

Daikin Industries'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 )
	=	441028	/	4880230
	=	0.09

Daikin Industries (TSE:6367) 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.

Daikin Industries LT-Debt-to-Total-Asset Related Terms

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Daikin Industries (TSE:6367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daikin Industries Ltd (TSE:6367) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DKILY:USA DKILF:USA DKIA:Germany DKI:Germany DKI:Germany DKI:Austria

Address

Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323

Website

http://www.daikin.com

Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

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