MIRAIT One (TSE:1417) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is MIRAIT One 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. MIRAIT One's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

MIRAIT One's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.08). It may suggest that MIRAIT One is progressively becoming more dependent on debt to grow their business.

MIRAIT One LT-Debt-to-Total-Asset Historical Data

The historical data trend for MIRAIT One'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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MIRAIT One LT-Debt-to-Total-Asset Chart

MIRAIT One Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.08

0.07

MIRAIT One 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															0.08	0.09	0.09	0.08	0.07

MIRAIT One LT-Debt-to-Total-Asset Calculation

MIRAIT One'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 )
	=	38405	/	519960
	=	0.07

MIRAIT One'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 )
	=	37438	/	484450
	=	0.08

MIRAIT One (TSE:1417) 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.

MIRAIT One LT-Debt-to-Total-Asset Related Terms

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MIRAIT One (TSE:1417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MIRAIT One Corp (TSE:1417) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5-6-36 Toyosu, Koto-ku, Tokyo, JPN, 135-8111

Website

https://www.mirait-one.com

MIRAIT One Corp is engaged in building and maintaining various social infrastructures including communication infrastructures. It is also involved in projects that contribute to local town and community development, as well as corporate DX and GX. It also engages in the construction and sales of solar power generation facilities; provides high-quality software and DX through virtualization; construction of broadband networks and ICT systems among others.

MIRAIT One (TSE:1417) Headlines

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