Mental Health Technologies Co (TSE:9218) LT-Debt-to-Total-Asset : 0.54 (As of Mar. 2024)

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What is Mental Health Technologies 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. Mental Health Technologies Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.54.

Mental Health Technologies Co's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.54). It may suggest that Mental Health Technologies Co is progressively becoming more dependent on debt to grow their business.

Mental Health Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mental Health Technologies 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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Mental Health Technologies Co LT-Debt-to-Total-Asset Chart

Mental Health Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.12

0.46

0.22

0.10

0.12

Mental Health Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.19	0.17	0.15	0.12	0.54

Mental Health Technologies Co LT-Debt-to-Total-Asset Calculation

Mental Health Technologies Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	212.461	/	1733.835
	=	0.12

Mental Health Technologies Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2303.493	/	4291.893
	=	0.54

Mental Health Technologies Co (TSE:9218) 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.

Mental Health Technologies Co LT-Debt-to-Total-Asset Related Terms

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Mental Health Technologies Co (TSE:9218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mental Health Technologies Co Ltd (TSE:9218) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-16-11 Akasaka, Tokai Akasaka Building 4th Floor, Minato-ku, Tokyo, JPN, 107- 0052

Website

https://www.mh-tec.co.jp

Mental Health Technologies Co Ltd is engaged in the mental health solution business, medical career support business and digital marketing business.

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