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ESCRIT (TSE:2196) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)


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What is ESCRIT 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. ESCRIT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

ESCRIT's long-term debt to total assets ratio increased from Jun. 2023 (0.17) to Sep. 2024 (0.29). It may suggest that ESCRIT is progressively becoming more dependent on debt to grow their business.


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

The historical data trend for ESCRIT'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.

ESCRIT LT-Debt-to-Total-Asset Chart

ESCRIT Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.22 0.18 0.16 0.27

ESCRIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.31 0.30 0.27 0.29

ESCRIT LT-Debt-to-Total-Asset Calculation

ESCRIT'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 )
=6324.615/23199.751
=0.27

ESCRIT'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 )
=6366.55/22068.594
=

* 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.


ESCRIT  (TSE:2196) 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.


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

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ESCRIT Business Description

Traded in Other Exchanges
N/A
Address
2-14-1 Nishi-Shimbashi Minato-ku, Kowa Nishi-Shinbashi Building B Building, Tokyo, JPN, 105-0003
ESCRIT Inc is engaged in the bridal business planning and management of wedding ceremony and reception. The company operates its business in two divisions including bridal related services and building real estate business. In the bridal division, it arranges one-stop services including dresses and hair makeup. The real estate business builds real estate according to customer's needs, such as design house, renovation proposal, resort development and store design construction.

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