Shikigaku Co (TSE:7049) LT-Debt-to-Total-Asset : 0.08 (As of Nov. 2023)

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What is Shikigaku 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. Shikigaku Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.08.

Shikigaku Co's long-term debt to total assets ratio declined from Nov. 2022 (0.20) to Nov. 2023 (0.08). It may suggest that Shikigaku Co is progressively becoming less dependent on debt to grow their business.

Shikigaku Co LT-Debt-to-Total-Asset Historical Data

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

Shikigaku Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.01

0.12

0.16

0.06

0.14

Shikigaku Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.14	0.12	0.10	0.08

Shikigaku Co LT-Debt-to-Total-Asset Calculation

Shikigaku Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	640.615	/	4724.968
	=	0.14

Shikigaku Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	360.258	/	4566.914
	=	0.08

Shikigaku Co (TSE:7049) 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.

Shikigaku Co LT-Debt-to-Total-Asset Related Terms

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Shikigaku Co (TSE:7049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shikigaku Co Ltd (TSE:7049) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

7 Chome, 9-2 Nishi Gotanda, Shinagawa-ku, KDX Gotanda Building 4th Floor, Tokyo, JPN, 141-0031

Website

https://corp.shikigaku.jp

Shikigaku Co Ltd is engaged in providing management training services. The company offers development and provision of webs services on literature.

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