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Soracom (TSE:147A) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)


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What is Soracom 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. Soracom's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Soracom's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.00). It may suggest that Soracom is progressively becoming more dependent on debt to grow their business.

Soracom LT-Debt-to-Total-Asset Historical Data

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

Soracom Annual Data
Trend Mar22 Mar23
LT-Debt-to-Total-Asset
0.01 -

Soracom Quarterly Data
Mar22 Mar23 Dec23
LT-Debt-to-Total-Asset 0.01 - -

Soracom LT-Debt-to-Total-Asset Calculation

Soracom'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 )
=16.169/5663.284
=0.00

Soracom'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 )
=14.805/5984.207
=

* 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.

Soracom  (TSE:147A) 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.

Soracom LT-Debt-to-Total-Asset Related Terms

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Soracom (TSE:147A) Business Description

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Address
3rd floor Ojima building, 4-5-6 Tamagawa, Setagaya-ku, Tokyo, JPN, 158-0094
Website
https://www.soracom.com
Soracom Inc is engaged in development and provision of the IoT platform SORACOM. IoT platform SORACOM provides one-stop IoT devices, communications, applications, etc.

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