Giga Prize Co (NGO:3830) LT-Debt-to-Total-Asset : 0.06 (As of Oct. 2024)

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What is Giga Prize 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. Giga Prize Co's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.06.

Giga Prize Co's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Oct. 2024 (0.06). It may suggest that Giga Prize Co is progressively becoming less dependent on debt to grow their business.

Giga Prize Co LT-Debt-to-Total-Asset Historical Data

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

Giga Prize Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.38

0.33

0.28

0.21

0.13

Giga Prize Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.09	0.09	0.08	0.06

Giga Prize Co LT-Debt-to-Total-Asset Calculation

Giga Prize 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 )
	=	1685.041	/	13232.778
	=	0.13

Giga Prize Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	842.81	/	14931.019
	=

Giga Prize Co (NGO:3830) 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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Giga Prize Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Giga Prize Co Ltd (NGO:3830) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

E-Space Tower 11F 3-6 Maruyama-cho, Shibuya-ku, Tokyo, JPN, 150-0044

Website

http://www.gigaprize.co.jp

Giga Prize Co Ltd provides information technology services. Its portfolio includes ISP business solutions for condominiums, IT consulting, system solutions, open solutions, outsourcing, software solution, and web promotion solutions. It also provides network service and real estate related services which includes brokerage service, leasing management services.

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