Tokyo Gas Co (NGO:9531) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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What is Tokyo Gas 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. Tokyo Gas Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Tokyo Gas Co's long-term debt to total assets ratio increased from Dec. 2022 (0.32) to Dec. 2023 (0.32). It may suggest that Tokyo Gas Co is progressively becoming more dependent on debt to grow their business.

Tokyo Gas Co LT-Debt-to-Total-Asset Historical Data

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

Tokyo Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.33

0.34

0.35

0.32

0.33

Tokyo Gas 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															0.32	0.33	0.32	0.32	0.33

Tokyo Gas Co LT-Debt-to-Total-Asset Calculation

Tokyo Gas 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 )
	=	1270343	/	3888855
	=	0.33

Tokyo Gas 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 )
	=	1258888	/	3901004
	=	0.32

Tokyo Gas Co (NGO:9531) 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.

Tokyo Gas Co LT-Debt-to-Total-Asset Related Terms

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Tokyo Gas Co (NGO:9531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (NGO:9531) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TKGSY:USA TKGSF:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

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