Daieisangyo Co (FSE:2974) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Daieisangyo 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. Daieisangyo Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Daieisangyo Co's long-term debt to total assets ratio declined from Jun. 2023 (0.22) to Sep. 2024 (0.18). It may suggest that Daieisangyo Co is progressively becoming less dependent on debt to grow their business.

Daieisangyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Daieisangyo 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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Daieisangyo Co LT-Debt-to-Total-Asset Chart

Daieisangyo Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.14

0.23

0.22

0.19

0.18

Daieisangyo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.19	0.23	0.27	0.18

Daieisangyo Co LT-Debt-to-Total-Asset Calculation

Daieisangyo Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	7458.925	/	41675.538
	=	0.18

Daieisangyo Co'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 )
	=	7458.925	/	41675.538
	=

Daieisangyo Co (FSE:2974) 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.

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Daieisangyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Daieisangyo Co Ltd (FSE:2974) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

4-chome 1st 36, Shimokamizu, Hachiman Nishi Ward, Kitakyushu, JPN, 807-0075

Website

https://www.daieisangyo.co.jp

Daieisangyo Co Ltd is a Japanese based company engaged in real estate business. It is primarily involved in sale of newly built condominiums, custom housing, second home sales, sale of newly built detached houses and other related services.

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