Akita Bank (Akita Bank) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Akita Bank 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. Akita Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Akita Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.06). It may suggest that Akita Bank is progressively becoming more dependent on debt to grow their business.

Akita Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Akita Bank'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.

* Premium members only.

Akita Bank LT-Debt-to-Total-Asset Chart

Akita Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.07

0.08

0.06

Akita Bank 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															0.06	0.05	0.06	0.06	0.06

Akita Bank LT-Debt-to-Total-Asset Calculation

Akita Bank'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 )
	=	1395.588	/	23923.532
	=	0.06

Akita Bank'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 )
	=	1398.187	/	25183.715
	=	0.06

Akita Bank (OTCPK:AKBKF) 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.

Akita Bank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Akita Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Akita Bank (Akita Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akita Bank Ltd (OTCPK:AKBKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

8343:Japan

Address

2-1 Sanno 3-Chome, Akita, JPN, 010-8655

Website

http://www.akita-bank.co.jp

Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

Akita Bank (Akita Bank) Headlines

No Headlines