Good Speed Co (TSE:7676) Debt-to-Asset : 0.91 (As of Mar. 2024)

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What is Good Speed Co Debt-to-Asset?

Good Speed Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円21,497 Mil. Good Speed Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円7,112 Mil. Good Speed Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円31,580 Mil. Good Speed Co's debt to asset for the quarter that ended in Mar. 2024 was 0.91.

Good Speed Co Debt-to-Asset Historical Data

The historical data trend for Good Speed Co's Debt-to-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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Good Speed Co Debt-to-Asset Chart

Good Speed Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

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0.70

0.74

0.71

0.80

Good Speed Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.76	0.76	0.80	0.87	0.91

Competitive Comparison of Good Speed Co's Debt-to-Asset

For the Auto & Truck Dealerships subindustry, Good Speed Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Good Speed Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Speed Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Good Speed Co's Debt-to-Asset falls into.

Good Speed Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Good Speed Co's Debt-to-Asset for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(18010.338	+	7514.129)	/	31895.085
	=	0.80

Good Speed Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(21497.439	+	7111.521)	/	31580.441
	=	0.91

Good Speed Co (TSE:7676) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Good Speed Co Debt-to-Asset Related Terms

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Good Speed Co (TSE:7676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Speed Co Ltd (TSE:7676) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-28-23 Izumi, Higashi-ku, Takatake KANAME Building 8th Floor, Nagoya, JPN, 461-0001

Website

https://goodspeed-group.co.jp

Good Speed Co Ltd is a Japanese based company primarily involved in the automobile sector. The business activities of the group include sales of used cars, sales of parts and supplies, repair and inspection of automobiles, car rental business and others.

Good Speed Co (TSE:7676) Headlines

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