Kumagai Gumi Co (TSE:1861) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Kumagai Gumi 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. Kumagai Gumi Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Kumagai Gumi Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.06). It may suggest that Kumagai Gumi Co is progressively becoming less dependent on debt to grow their business.

Kumagai Gumi Co LT-Debt-to-Total-Asset Historical Data

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

Kumagai Gumi Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.05

0.06

Kumagai Gumi Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	-	0.06	0.08

Kumagai Gumi Co LT-Debt-to-Total-Asset Calculation

Kumagai Gumi 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 )
	=	26474	/	467232
	=	0.06

Kumagai Gumi 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 )
	=	27277	/	430910
	=	0.06

Kumagai Gumi Co (TSE:1861) 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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Kumagai Gumi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kumagai Gumi Co Ltd (TSE:1861) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-1 Tsukudocho, Shinjuku-ku, Tokyo, 162-8557, JPN, 162-8557

Website

http://www.kumagaigumi.co.jp

Kumagai Gumi Co Ltd is a Japanese company that provides services in construction and civil engineering. The company analyzes, designs, and supervises complex construction projects. It also offers engineering and technical services throughout the construction process. These projects include roads, railways, airports, water systems, and other public facilities. In addition, the company is engaged in manufacturing and selling construction materials and machinery. Construction activities account for the majority of revenue. The company generates additional revenue from developing residential and commercial complexes and either operating the building or acting as a broker and selling the real estate.

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