Shizuoka Financial Group (TSE:5831) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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

Shizuoka Financial Group's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.08). It may suggest that Shizuoka Financial Group is progressively becoming less dependent on debt to grow their business.

Shizuoka Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shizuoka Financial Group'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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Shizuoka Financial Group LT-Debt-to-Total-Asset Chart

Shizuoka Financial Group Annual Data

Trend

Mar23

Mar24

LT-Debt-to-Total-Asset

0.10

0.08

Shizuoka Financial Group Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.10	0.09	0.10	0.08	0.08

Shizuoka Financial Group LT-Debt-to-Total-Asset Calculation

Shizuoka Financial Group'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 )
	=	1321550	/	16141589
	=	0.08

Shizuoka Financial Group'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 )
	=	1309466	/	15824839
	=	0.08

Shizuoka Financial Group (TSE:5831) 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.

Shizuoka Financial Group LT-Debt-to-Total-Asset Related Terms

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Shizuoka Financial Group (TSE:5831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shizuoka Financial Group Inc (TSE:5831) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SFGIF:USA

Address

1-10, Gofukucho, Aoi-ku, Shizuoka-shi, Shizuoka, JPN, 420-0031

Website

https://www.shizuoka-fg.co.jp

Shizuoka Financial Group Inc is involved in the banking business. It provides various banking products and services.

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