Menicon Co (TSE:7780) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Menicon 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. Menicon Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Menicon Co's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.39). It may suggest that Menicon Co is progressively becoming more dependent on debt to grow their business.

Menicon Co LT-Debt-to-Total-Asset Historical Data

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

Menicon 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

0.32

0.29

0.33

0.25

Menicon 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															0.33	0.40	0.39	0.39	0.25

Menicon Co LT-Debt-to-Total-Asset Calculation

Menicon 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 )
	=	44579	/	179812
	=	0.25

Menicon 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 )
	=	67955	/	173798
	=	0.39

Menicon Co (TSE:7780) 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.

Menicon Co LT-Debt-to-Total-Asset Related Terms

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Menicon Co (TSE:7780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Menicon Co Ltd (TSE:7780) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5FR:Germany

Address

3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006

Website

http://www.menicon.com

Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.

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