Tohbu Network Co (TSE:9036) Debt-to-Asset : 0.03 (As of Mar. 2024)

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What is Tohbu Network Co Debt-to-Asset?

Tohbu Network Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円118 Mil. Tohbu Network Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円696 Mil. Tohbu Network Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円24,501 Mil. Tohbu Network Co's debt to asset for the quarter that ended in Mar. 2024 was 0.03.

Tohbu Network Co Debt-to-Asset Historical Data

The historical data trend for Tohbu Network Co'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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Tohbu Network Co Debt-to-Asset Chart

Tohbu Network Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.03

0.02

0.03

Tohbu Network Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Tohbu Network Co's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, Tohbu Network Co'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.

Tohbu Network Co's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tohbu Network Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tohbu Network Co's Debt-to-Asset falls into.

Tohbu Network Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tohbu Network Co's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(118.427	+	696.476)	/	24500.706
	=	0.03

Tohbu Network Co's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(118.427	+	696.476)	/	24500.706
	=	0.03

Tohbu Network Co (TSE:9036) 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.

Tohbu Network Co Debt-to-Asset Related Terms

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Tohbu Network Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tohbu Network Co Ltd (TSE:9036) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

2F, Sakaecho 2 Kanagawa-ku, Kanagawa-ku, 9 East Eastern Yokohama Building, Yokohama, JPN, 221-00529

Website

http://www.tohbu.co.jp

Tohbu Network Co., Ltd is engaged in cargo car transport business, cargo use transportation business, specified passenger car transportation business, real estate leasing business, warehouse industry, worker dispatch business, industrial waste collection, and sales business of petroleum and high pressure gases.

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