The Okinawa Electric Power Co (TSE:9511) LT-Debt-to-Total-Asset : 0.60 (As of Dec. 2023)

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What is The Okinawa Electric Power 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. The Okinawa Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.60.

The Okinawa Electric Power Co's long-term debt to total assets ratio increased from Dec. 2022 (0.57) to Dec. 2023 (0.60). It may suggest that The Okinawa Electric Power Co is progressively becoming more dependent on debt to grow their business.

The Okinawa Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Okinawa Electric Power 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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The Okinawa Electric Power Co LT-Debt-to-Total-Asset Chart

The Okinawa Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.45

0.43

0.44

0.59

0.57

The Okinawa Electric Power 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															0.59	0.59	0.59	0.60	0.57

The Okinawa Electric Power Co LT-Debt-to-Total-Asset Calculation

The Okinawa Electric Power 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 )
	=	282522	/	498671
	=	0.57

The Okinawa Electric Power 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 )
	=	288064	/	484467
	=	0.59

The Okinawa Electric Power Co (TSE:9511) 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.

The Okinawa Electric Power Co LT-Debt-to-Total-Asset Related Terms

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The Okinawa Electric Power Co (TSE:9511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » The Okinawa Electric Power Co Inc (TSE:9511) » Definitions » LT-Debt-to-Total-Asset

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Address

5-2-1 Makiminato, Urasoe, JPN, 901-2602

Website

https://www.okiden.co.jp

The Okinawa Electric Power Co Inc, or OEPC, is the exclusive supplier of electric power throughout the Okinawa Prefecture at the southwestern tip of Japan. OEPC is involved in the generation, transmission, and distribution of electricity in the region. The company operates a portfolio of coal, natural gas, oil, solar, and wind power plants. OEPC's power-generating facilities that utilize fossil fuel inputs are responsible for almost all of the company's power production. Nearly all of OEPC's revenue is derived from the sale of electric energy in Okinawa. While the company's customers are mainly residential consumers, industrial users account for most of OEPC's electric energy sales in terms of volume and revenue.

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