Hikari Food Service Co (TSE:138A) LT-Debt-to-Total-Asset : 0.30 (As of May. 2024)

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What is Hikari Food Service 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. Hikari Food Service Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.30.

Hikari Food Service Co's long-term debt to total assets ratio declined from Nov. 2022 (0.61) to May. 2024 (0.30). It may suggest that Hikari Food Service Co is progressively becoming less dependent on debt to grow their business.

Hikari Food Service Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hikari Food Service 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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Hikari Food Service Co LT-Debt-to-Total-Asset Chart

Hikari Food Service Co Annual Data

Trend

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

0.69

0.61

0.47

Hikari Food Service Co Quarterly Data
	Nov21	Nov22	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.61	0.53	0.47	0.31	0.30

Hikari Food Service Co LT-Debt-to-Total-Asset Calculation

Hikari Food Service Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	825.082	/	1764.59
	=	0.47

Hikari Food Service Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	744.979	/	2524.395
	=	0.30

Hikari Food Service Co (TSE:138A) 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.

Hikari Food Service Co LT-Debt-to-Total-Asset Related Terms

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Hikari Food Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hikari Food Service Co Ltd (TSE:138A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Noritake 1st Building 101, 1-10-6 Noritake, Nakamura-ku, Aichi, Nagoya, JPN, 453-0014

Website

https://www.hikari-food-service.jp

Hikari Food Service Co Ltd is engaged in the restaurant business in Japan. It mainly provides standing bar-style izakaya restaurants. Some of its restaurants are, Daikoku, Fish Camellia, Kanayamaya Family, and Yakiniku Delux.

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