Fast Retailing Co (HKSE:06288) LT-Debt-to-Total-Asset : 0.10 (As of Aug. 2024)

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What is Fast Retailing 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. Fast Retailing Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.10.

Fast Retailing Co's long-term debt to total assets ratio declined from Aug. 2023 (0.10) to Aug. 2024 (0.10). It may suggest that Fast Retailing Co is progressively becoming less dependent on debt to grow their business.

Fast Retailing Co LT-Debt-to-Total-Asset Historical Data

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

Fast Retailing Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.15

0.14

0.11

0.10

Fast Retailing Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.10	0.10	0.10	0.10

Fast Retailing Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	18512.818	/	191225.149
	=	0.10

Fast Retailing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	18512.818	/	191225.149
	=	0.10

Fast Retailing Co (HKSE:06288) 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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Fast Retailing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fast Retailing Co Ltd (HKSE:06288) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

FRCOY:USA FRCOF:USA 9983:Japan FR7H:Germany

Address

10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894

Website

https://www.fastretailing.com

Fast Retailing is Japan's largest apparel company, operating the casualwear retail chain Uniqlo known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales, while outsourcing almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the fourth-largest apparel company by sales globally in 2023 in our estimate, thanks to the expansion of Uniqlo International, which contributed 52% of core operating profit. As at the end of fiscal 2023, it ran 3,578 stores globally. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, and Princesse Tam Tam. The Yanai family owned a 40.86% stake in the firm as at June 8, 2024.

Executives

Yanai Tadashi	2101 Beneficial owner
Yanai Koji	2101 Beneficial owner
Yanai Kazumi	2101 Beneficial owner

Fast Retailing Co Headlines

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