FKKFY (Fukuoka Financial Group) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Fukuoka Financial Group 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. Fukuoka Financial Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Fukuoka Financial Group's long-term debt to total assets ratio declined from Sep. 2023 (0.26) to Sep. 2024 (0.24). It may suggest that Fukuoka Financial Group is progressively becoming less dependent on debt to grow their business.

Fukuoka Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fukuoka Financial Group'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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Fukuoka Financial Group LT-Debt-to-Total-Asset Chart

Fukuoka Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.16

0.18

0.22

0.26

Fukuoka Financial Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.26	0.26	-	0.24

Fukuoka Financial Group LT-Debt-to-Total-Asset Calculation

Fukuoka Financial Group'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 )
	=	55655.139	/	217928.395
	=	0.26

Fukuoka Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	55893.868	/	230305.259
	=	0.24

Fukuoka Financial Group (OTCPK:FKKFY) 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.

Fukuoka Financial Group LT-Debt-to-Total-Asset Related Terms

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Fukuoka Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fukuoka Financial Group Inc (OTCPK:FKKFY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

8354:Japan

Address

1-8-3, Otemon, Chuo-ku, Fukuoka, JPN, 810-8693

Website

http://www.fukuoka-fg.com

Fukuoka Financial Group Inc is a Japan-based financial holding company that is principally engaged in banking business through its subsidiaries, including the Bank of Fukuoka, the Kumamoto Bank, and the Shinwa Bank. The company conducts its core business (banking) through a branch network in Japan and overseas markets, including China, Thailand, Singapore, and the United States. The company also conducts other businesses, such as a securities business, an office work agent business, a loan guarantee business, a credit card business, a collateral valuation business, a consulting business, investments and loans, and others. The company generates the majority of its operating income from Japan.

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