Furuya Metal Co (TSE:7826) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Furuya Metal 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. Furuya Metal Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Furuya Metal Co's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.07). It may suggest that Furuya Metal Co is progressively becoming less dependent on debt to grow their business.

Furuya Metal Co LT-Debt-to-Total-Asset Historical Data

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

Furuya Metal Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.04

0.30

0.10

0.09

0.07

Furuya Metal Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.07	0.06	0.07

Furuya Metal Co LT-Debt-to-Total-Asset Calculation

Furuya Metal Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	6087	/	87534
	=	0.07

Furuya Metal 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 )
	=	7185	/	103730
	=	0.07

Furuya Metal Co (TSE:7826) 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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Furuya Metal Co (TSE:7826) Business Description

Industry

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Traded in Other Exchanges

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Address

MSB-21 Minami Otsuka Building, 2-37-5 Minami Otsuka, Toshima-ku, Tokyo, JPN, 170 0005

Website

http://www.furuyametals.co.jp

Furuya Metal Co Ltd is a Japanese based company. It manufactures and sells industrial-use precious metal products such as iridium and platinum and temperature sensors. It also engages in the sale of electronic materials, semiconductor-related products and offers thin film components. It provides various products including crucibles, seed holders, platinum bead dishes, tongs, mesh, sheet, foil, pipe, wire, thermocouples, sputtering targets, among others.

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