Goldcrest Co (TSE:8871) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Goldcrest 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. Goldcrest Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Goldcrest Co's long-term debt to total assets ratio declined from Dec. 2022 (0.23) to Dec. 2023 (0.10). It may suggest that Goldcrest Co is progressively becoming less dependent on debt to grow their business.

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

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

Goldcrest Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.21

0.25

0.24

0.20

0.11

Goldcrest Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.14	0.13	0.10	0.11

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

Goldcrest Co'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 )
	=	23200	/	203808
	=	0.11

Goldcrest 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 )
	=	18300	/	186921
	=	0.10

Goldcrest Co (TSE:8871) 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.

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

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Goldcrest Co (TSE:8871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goldcrest Co Ltd (TSE:8871) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-1-1 Otemachi Chiyoda-ku, 12th floor, Otemachi Nomura Building, Tokyo, JPN, 100-0004

Website

http://www.goldcrest.co.jp

Goldcrest Co Ltd is a property development company. It is engaged in the development and sale of condominiums in and around the Tokyo Metropolitan Area. The Company operates in three business segments such as Real Estate Sales, Real Estate Leasing, and Others. The Real Estate Sales segment deals with the development and marketing of condominiums such as Crest City, Crest Form series and Crest Residence. The Real Estate Leasing segment involves with office building and apartment leasing activities. The others segment offers real estate management services.

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