ECONOS Co (SSE:3136) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is ECONOS 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. ECONOS Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

ECONOS Co's long-term debt to total assets ratio declined from Jun. 2023 (0.36) to Sep. 2024 (0.34). It may suggest that ECONOS Co is progressively becoming less dependent on debt to grow their business.

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

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

ECONOS Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.48

0.44

0.39

0.38

0.36

ECONOS 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															0.36	0.35	0.37	0.36	0.34

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

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	989.664	/	2740.996
	=	0.36

ECONOS 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 )
	=	935.834	/	2792.68
	=

ECONOS Co (SSE:3136) 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.

ECONOS Co LT-Debt-to-Total-Asset Related Terms

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ECONOS Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ECONOS Co Ltd (SSE:3136) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

13-3-25, Kitago-4-jo, Shiroishi Ward, Sapporo-shi, JPN, 003-0834

Website

http://www.eco-nos.com

ECONOS Co Ltd is engaged in the retailing of various goods. It engages in the business of second shop bookstores. The Reuse Business engages in the management and sale of books, CDs, DVDs, and video game software. The Low-Carbon Business engages in the management of videos and presentations, PC audio visual instruments, watches, cameras, and various software.

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