Shinkin Central Bank (Shinkin Central Bank) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Shinkin Central Bank 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. Shinkin Central Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Shinkin Central Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.11). It may suggest that Shinkin Central Bank is progressively becoming more dependent on debt to grow their business.

Shinkin Central Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shinkin Central Bank'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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Shinkin Central Bank LT-Debt-to-Total-Asset Chart

Shinkin Central Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.11

0.13

0.12

Shinkin Central Bank 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															0.11	0.12	0.11	0.12	0.11

Shinkin Central Bank LT-Debt-to-Total-Asset Calculation

Shinkin Central Bank'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 )
	=	41162.659	/	344858.971
	=	0.12

Shinkin Central Bank'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 )
	=	42218.049	/	372955.262
	=	0.11

Shinkin Central Bank (OTCPK:SKCBY) 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.

Shinkin Central Bank LT-Debt-to-Total-Asset Related Terms

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Shinkin Central Bank (Shinkin Central Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinkin Central Bank (OTCPK:SKCBY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

8421:Japan

Address

3-7, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.shinkin-central-bank.jp

Shinkin Central Bank provides various financial products and services, including deposit, bond, financing, market operation, securities, and settlement, as well as business support and function supplement for cooperative banks. It uses the funds deposited from Shinkin banks throughout Japan to invest in marketable securities in the financial markets in Japan and overseas. It provides loans to operating companies.

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