Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Sumitomo Mitsui Trust Holdings 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. Sumitomo Mitsui Trust Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Sumitomo Mitsui Trust Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.23) to Dec. 2023 (0.23). It may suggest that Sumitomo Mitsui Trust Holdings is progressively becoming more dependent on debt to grow their business.

Sumitomo Mitsui Trust Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sumitomo Mitsui Trust Holdings'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.

* Premium members only.

Sumitomo Mitsui Trust Holdings LT-Debt-to-Total-Asset Chart

Sumitomo Mitsui Trust Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.22

0.24

0.23

0.26

0.25

Sumitomo Mitsui Trust Holdings 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															0.23	0.25	0.26	0.24	0.23

Sumitomo Mitsui Trust Holdings LT-Debt-to-Total-Asset Calculation

Sumitomo Mitsui Trust Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	128074.811	/	516388.789
	=	0.25

Sumitomo Mitsui Trust Holdings'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 )
	=	116070.092	/	509427.746
	=	0.23

Sumitomo Mitsui Trust Holdings (OTCPK:CMTDF) 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.

Sumitomo Mitsui Trust Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sumitomo Mitsui Trust Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Trust Holdings Inc (OTCPK:CMTDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SUTNY:USA 8309:Japan MIU:Germany

Address

1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8233

Website

https://www.smth.jp

Sumitomo Mitsui Trust Holdings is the fifth-largest Japanese bank by assets and revenue, with a market share of domestic loans of 3.2% as of March 2023. It is the only remaining stand-alone trust bank after the late 1990s deregulation removed legal barriers between commercial banking and trust functions in Japan; its former rivals in trust banking merged and became units of Mitsubishi UFJ FG and Mizuho. It has no capital ties with Sumitomo Mitsui FG, despite the similar name and common ties to Sumitomo and Mitsui group companies. In fiduciary services, SMTH is the market leader in Japan in total assets under custody. It is the largest manager of corporate pension funds and trails only Nomura in investment trusts.

Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Headlines

No Headlines