Kyoritsu Co (TSE:7795) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is Kyoritsu 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. Kyoritsu Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Kyoritsu Co's long-term debt to total assets ratio declined from Dec. 2022 (0.24) to Dec. 2023 (0.24). It may suggest that Kyoritsu Co is progressively becoming less dependent on debt to grow their business.

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

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

Kyoritsu Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.23

Kyoritsu Co Quarterly Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.24	0.23	0.25	0.23	0.24

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

Kyoritsu Co'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 )
	=	9851.9	/	42877.892
	=	0.23

Kyoritsu 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 )
	=	10232.866	/	43181.513
	=	0.24

Kyoritsu Co (TSE:7795) 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.

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

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Kyoritsu Co (TSE:7795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kyoritsu Co Ltd (TSE:7795) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

36-1, Shimizu-cho, Itabashi-ku, Tokyo, JPN, 174-8860

Website

https://www.kyoritsu-hd.co.jp

Kyoritsu Co Ltd is a Business strategy formulation and management of group companies engaged in general printing business, BPO business, digital business, environmental business and others.

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