Sougou Shouken Co (TSE:7850) LT-Debt-to-Total-Asset : 0.23 (As of Jan. 2024)

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What is Sougou Shouken 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. Sougou Shouken Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.23.

Sougou Shouken Co's long-term debt to total assets ratio declined from Jan. 2023 (0.25) to Jan. 2024 (0.23). It may suggest that Sougou Shouken Co is progressively becoming less dependent on debt to grow their business.

Sougou Shouken Co LT-Debt-to-Total-Asset Historical Data

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

Sougou Shouken Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.30

0.34

0.31

0.38

0.35

Sougou Shouken Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.31	0.35	0.21	0.23

Sougou Shouken Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	2884.656	/	8346.811
	=	0.35

Sougou Shouken Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	2552.898	/	11259.047
	=	0.23

Sougou Shouken Co (TSE:7850) 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.

Sougou Shouken Co LT-Debt-to-Total-Asset Related Terms

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Sougou Shouken Co (TSE:7850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sougou Shouken Co Ltd (TSE:7850) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-48 Higashi-Naebo2jo, Higashi-ku, Hokkaido, Sapporo, JPN, 007-0802

Website

http://www.shouken.co.jp

Sougou Shouken Co Ltd provides commercial printing services in Japan. It is engaged in planning, design, printing, and processing of leaflets, catalogs, posters, DMs, POPs, and publications. Its services include advertising inserts and flyers, POP advertising, Postures, and brochures, among others. It is also involved in printing new year cards and the production of the exhibition, seminar, and various promotional materials for event planning and sales promotion.

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