Novarese (TSE:2128) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is Novarese 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. Novarese's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Novarese's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.30). It may suggest that Novarese is progressively becoming more dependent on debt to grow their business.

Novarese LT-Debt-to-Total-Asset Historical Data

The historical data trend for Novarese'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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Novarese LT-Debt-to-Total-Asset Chart

Novarese Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.13

0.11

0.03

0.30

Novarese Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.03	0.33	0.32	0.30

Novarese LT-Debt-to-Total-Asset Calculation

Novarese'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 )
	=	9688.801	/	32301.401
	=	0.30

Novarese's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	9688.801	/	32301.401
	=	0.30

Novarese (TSE:2128) 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.

Novarese LT-Debt-to-Total-Asset Related Terms

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Novarese (TSE:2128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Novarese Inc (TSE:2128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9160:Japan

Address

Ginza YOMIKO Building 4F, Tokyo, JPN, 104-0061

Website

http://www.novarese.co.jp

Novarese Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services.

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