Horai Co (TSE:9679) Debt-to-Asset : 0.15 (As of Mar. 2024)

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What is Horai Co Debt-to-Asset?

Horai Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円270 Mil. Horai Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,550 Mil. Horai Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円18,785 Mil. Horai Co's debt to asset for the quarter that ended in Mar. 2024 was 0.15.

Horai Co Debt-to-Asset Historical Data

The historical data trend for Horai 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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Horai Co Debt-to-Asset Chart

Horai Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Asset

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0.01

0.17

0.16

0.15

Horai 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															0.15	0.15	0.15	0.15	0.15

Competitive Comparison of Horai Co's Debt-to-Asset

For the Insurance - Diversified subindustry, Horai 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.

Horai Co's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Horai Co's Debt-to-Asset distribution charts can be found below:

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

Horai Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Horai 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
	=	(133.752	+	2679.306)	/	18853.956
	=	0.15

Horai 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
	=	(270	+	2550)	/	18785.475
	=	0.15

Horai Co (TSE:9679) 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.

Horai Co Debt-to-Asset Related Terms

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Horai Co (TSE:9679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Horai Co Ltd (TSE:9679) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Number 5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.horai-kk.co.jp

Horai Co Ltd is engaged in the life insurance business, leasing and management of buildings and real estate, manufacture and sale of milk and dairy products, breeding, milking, and fed production of dairy cattle, and management of restaurants and tourist facilities.

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