Ik Holdings Co (TSE:2722) LT-Debt-to-Total-Asset : 0.16 (As of Feb. 2024)

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What is Ik 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. Ik Holdings Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.16.

Ik Holdings Co's long-term debt to total assets ratio increased from Feb. 2023 (0.13) to Feb. 2024 (0.16). It may suggest that Ik Holdings Co is progressively becoming more dependent on debt to grow their business.

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

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

Ik Holdings Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.11

0.16

0.10

0.14

0.11

Ik Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.11	0.11	0.13	0.16

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

Ik Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	732.989	/	6788.751
	=	0.11

Ik Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	938.364	/	6072.294
	=	0.15

Ik Holdings Co (TSE:2722) 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.

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

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Ik Holdings Co (TSE:2722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ik Holdings Co Ltd (TSE:2722) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nakamura-ku Meieki three chome, No. 26 No. 8 KDX Nagoya building fifth floor, Aichi Prefecture, Nagoya, JPN, 450-0002

Website

http://www.ai-kei.co.jp

Ik Holdings Co Ltd is engaged in the development and distribution of cosmetic products.

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