TOMY Co (TSE:7867) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is TOMY 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. TOMY Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

TOMY Co's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.05). It may suggest that TOMY Co is progressively becoming less dependent on debt to grow their business.

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

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

TOMY Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.20

0.13

0.09

0.05

TOMY 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															0.09	0.08	0.06	0.05	0.05

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

TOMY 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 )
	=	7440	/	166252
	=	0.04

TOMY 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 )
	=	8397	/	162007
	=	0.05

TOMY Co (TSE:7867) 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.

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

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TOMY Co (TSE:7867) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TOMY Co Ltd (TSE:7867) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TOMYY:USA

Address

7-9-10 Tateishi, Katsushika-ku, Tokyo, JPN, 124-8511

Website

http://www.takaratomy.co.jp

TOMY Co Ltd is a Japanese manufacturer of children's toys and merchandise. The company's products include electronic and physical toys, card games, baby care products, and general merchandise. The company's brands include Tomica, Plarail, Licca-chan, and Koeda-chan. Tomy organises itself into five geographical segments: Japan, Americas, Europe, Oceania, and Asia (other than Japan). The company derives more than half of its revenue domestically, with Asia (other than Japan) and the Americas contributing the next most significant portions.

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