World Holdings Co (TSE:2429) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is World Holdings 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. World Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

World Holdings Co's long-term debt to total assets ratio declined from Mar. 2023 (0.23) to Mar. 2024 (0.21). It may suggest that World Holdings Co is progressively becoming less dependent on debt to grow their business.

World Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for World Holdings 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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World Holdings Co LT-Debt-to-Total-Asset Chart

World Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.15

0.14

0.20

0.21

World Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.25	0.24	0.21	0.21

World Holdings Co LT-Debt-to-Total-Asset Calculation

World Holdings 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 )
	=	32893	/	159204
	=	0.21

World Holdings 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 )
	=	33460	/	160964
	=	0.21

World Holdings Co (TSE:2429) 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.

World Holdings Co LT-Debt-to-Total-Asset Related Terms

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World Holdings Co (TSE:2429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » World Holdings Co Ltd (TSE:2429) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Hakata Station 2-1-1, Fukuoka Asahi Building, 6th Floor, Fukuoka, JPN, 802-0077

Website

http://world-hd.co.jp

World Holdings Co Ltd is a Japan based company engaged in the human resource and education business, real estate business and information communication business. In the human resource and education business, the company offers contract and temporary placement services and management skills for manufacturing and contracting business to other companies. The real estate business area of the company comprises detached housing sales business, residential condominium sale business, property business, building management business and brokerage business.

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