OPEN Group (TSE:6572) Debt-to-Asset : 0.19 (As of Aug. 2024)

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What is OPEN Group Debt-to-Asset?

OPEN Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was 円2,154 Mil. OPEN Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was 円1,476 Mil. OPEN Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Aug. 2024 was 円19,318 Mil. OPEN Group's debt to asset for the quarter that ended in Aug. 2024 was 0.19.

OPEN Group Debt-to-Asset Historical Data

The historical data trend for OPEN Group's Debt-to-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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OPEN Group Debt-to-Asset Chart

OPEN Group Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Asset

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0.18

0.20

0.21

OPEN Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.20	0.21	0.19	0.19

Competitive Comparison of OPEN Group's Debt-to-Asset

For the Information Technology Services subindustry, OPEN Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OPEN Group's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, OPEN Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where OPEN Group's Debt-to-Asset falls into.

OPEN Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

OPEN Group's Debt-to-Asset for the fiscal year that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2252.344	+	1714.503)	/	19243.542
	=	0.21

OPEN Group's Debt-to-Asset for the quarter that ended in Aug. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2154.177	+	1476.216)	/	19317.827
	=	0.19

OPEN Group (TSE:6572) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

OPEN Group Debt-to-Asset Related Terms

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OPEN Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OPEN Group Inc (TSE:6572) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

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Address

23-1 Toranomon, Minato-ku, Tokyo, JPN, 107-6013

Website

https://www.open-group.co.jp

OPEN Group Inc operates as a holding company, which provides Information processing services and consulting using RPA and AI development and promotion of new businesses using BizRobo Digital agency business.

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