GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » LT-Debt-to-Total-Asset

Thinca Co (TSE:149A) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Thinca 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. Thinca Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Thinca Co's long-term debt to total assets ratio declined from Dec. 2021 (0.07) to Mar. 2024 (0.02). It may suggest that Thinca Co is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Thinca 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.

* Premium members only.

Thinca Co LT-Debt-to-Total-Asset Chart

Thinca Co Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.07 0.08 0.04

Thinca Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset 0.07 0.08 0.04 0.04 0.02

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

Thinca Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=21.875/536.751
=0.04

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

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=21.35/1104.842
=0.02

* 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.

Thinca Co  (TSE:149A) 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.

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

Thank you for viewing the detailed overview of Thinca Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Thinca Co (TSE:149A) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Website
Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

No Headlines