Warabeya Nichiyo Holdings Co (TSE:2918) LT-Debt-to-Total-Asset : 0.20 (As of Aug. 2024)

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What is Warabeya Nichiyo 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. Warabeya Nichiyo Holdings Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.20.

Warabeya Nichiyo Holdings Co's long-term debt to total assets ratio increased from Aug. 2023 (0.14) to Aug. 2024 (0.20). It may suggest that Warabeya Nichiyo Holdings Co is progressively becoming more dependent on debt to grow their business.

Warabeya Nichiyo Holdings Co LT-Debt-to-Total-Asset Historical Data

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

Warabeya Nichiyo Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.10

0.08

0.14

0.19

Warabeya Nichiyo Holdings Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.19	0.22	0.20

Warabeya Nichiyo Holdings Co LT-Debt-to-Total-Asset Calculation

Warabeya Nichiyo Holdings 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 )
	=	19198	/	101960
	=	0.19

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	24729	/	121699
	=	0.20

Warabeya Nichiyo Holdings Co (TSE:2918) 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.

Warabeya Nichiyo Holdings Co LT-Debt-to-Total-Asset Related Terms

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Warabeya Nichiyo Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Warabeya Nichiyo Holdings Co Ltd (TSE:2918) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

13-19 Tomihisacho, Shinjuku-ku, Tokyo, JPN, 162-8020

Website

http://www.warabeya.co.jp

Warabeya Nichiyo Holdings Co Ltd is a Japan-based company engaged in manufacturing and sale of ready-made food products. It produces ready-to-eat meals for convenience stores which includes bento meal boxes, onigiri rice balls, and side dishes. The food products offered by the group are bento meal boxes, onigiri rice balls and sushi, chilled bento meal boxes, bread products, side dishes and noodles, and chilled Japanese sweets. The organization has business operations in Japan and in international countries. The segments of the company are Food Products Business, Food Ingredients Business, and Logistics Business. The Food Products business segment includes manufacturing and sales of cooked food and Logistics business segment relates to food delivery.

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