Japan Cash Machine Co (Japan Cash Machine Co) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Japan Cash Machine 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. Japan Cash Machine Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Japan Cash Machine Co's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.07). It may suggest that Japan Cash Machine Co is progressively becoming less dependent on debt to grow their business.

Japan Cash Machine Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Japan Cash Machine 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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Japan Cash Machine Co LT-Debt-to-Total-Asset Chart

Japan Cash Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.13

0.10

Japan Cash Machine Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.10	0.08	0.08	0.07

Japan Cash Machine Co LT-Debt-to-Total-Asset Calculation

Japan Cash Machine Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	27.48	/	290.404
	=	0.09

Japan Cash Machine Co'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 )
	=	20.141	/	298.749
	=	0.07

Japan Cash Machine Co (OTCPK:JPNCF) 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.

Japan Cash Machine Co LT-Debt-to-Total-Asset Related Terms

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Japan Cash Machine Co (Japan Cash Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Cash Machine Co Ltd (OTCPK:JPNCF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

6418:Japan

Address

2-3-15 Nishiwaki, Hirano-ku, Osaka, JPN, 547-0035

Website

http://www.jcm-hq.co.jp

Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.

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