Kanda Tsushinki Co (TSE:1992) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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

Kanda Tsushinki Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Kanda Tsushinki Co is progressively becoming less dependent on debt to grow their business.

Kanda Tsushinki Co LT-Debt-to-Total-Asset Historical Data

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

Kanda Tsushinki 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

0.03

0.02

Kanda Tsushinki 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															0.02	0.02	0.02	0.02	0.02

Kanda Tsushinki Co LT-Debt-to-Total-Asset Calculation

Kanda Tsushinki 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 )
	=	154.763	/	9463.178
	=	0.02

Kanda Tsushinki 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 )
	=	169.966	/	8784.754
	=

Kanda Tsushinki Co (TSE:1992) 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.

Kanda Tsushinki Co LT-Debt-to-Total-Asset Related Terms

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Kanda Tsushinki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kanda Tsushinki Co Ltd (TSE:1992) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

24, Kanda Toyama Town, Chiyoda-ku, Tokyo, JPN, 101 0043

Website

http://www.kandt.co.jp

Kanda Tsushinki Co Ltd is a Japan-based company engaged in the information and communication business. It is involved in the business activities of information communication system development, software development, control lighting business, communication system development, computer network system development, agency for contact center operations and others. The company also supports infrastructure construction by providing complete solutions from telephone network equipment to network construction to power supply construction.

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