Hokuyu Lucky Co (TSE:2747) LT-Debt-to-Total-Asset : 0.12 (As of Feb. 2024)

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What is Hokuyu Lucky 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. Hokuyu Lucky Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.12.

Hokuyu Lucky Co's long-term debt to total assets ratio increased from Feb. 2023 (0.11) to Feb. 2024 (0.12). It may suggest that Hokuyu Lucky Co is progressively becoming more dependent on debt to grow their business.

Hokuyu Lucky Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hokuyu Lucky 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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Hokuyu Lucky Co LT-Debt-to-Total-Asset Chart

Hokuyu Lucky Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.13

0.11

0.12

Hokuyu Lucky 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															0.11	0.15	0.14	0.12	0.12

Hokuyu Lucky Co LT-Debt-to-Total-Asset Calculation

Hokuyu Lucky Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	2204.052	/	17916.614
	=	0.12

Hokuyu Lucky 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 )
	=	2204.052	/	17916.614
	=	0.12

Hokuyu Lucky Co (TSE:2747) 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.

Hokuyu Lucky Co LT-Debt-to-Total-Asset Related Terms

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Hokuyu Lucky Co (TSE:2747) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hokuyu Lucky Co Ltd (TSE:2747) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, 2 - chome 1, 1, 1 - 2, Chobu Ku, Sapporo - shi, Sapporo Kita, JPN

Website

http://www.hokuyu-lucky.co.jp

Hokuyu Lucky Co., Ltd is a Japanese company engaged in grocery stores. The products of the company include food, clothing, and daily goods.

Hokuyu Lucky Co (TSE:2747) Headlines

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