Yamaichi Uniheim Real Estate Co (TSE:2984) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is Yamaichi Uniheim Real Estate 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. Yamaichi Uniheim Real Estate Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Yamaichi Uniheim Real Estate Co's long-term debt to total assets ratio declined from Dec. 2022 (0.45) to Dec. 2023 (0.38). It may suggest that Yamaichi Uniheim Real Estate Co is progressively becoming less dependent on debt to grow their business.

Yamaichi Uniheim Real Estate Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yamaichi Uniheim Real Estate 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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Yamaichi Uniheim Real Estate Co LT-Debt-to-Total-Asset Chart

Yamaichi Uniheim Real Estate Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.35

0.46

0.40

0.48

Yamaichi Uniheim Real Estate Co Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.45	0.48	0.45	0.37	0.38

Yamaichi Uniheim Real Estate Co LT-Debt-to-Total-Asset Calculation

Yamaichi Uniheim Real Estate Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	19666.417	/	41439.576
	=	0.47

Yamaichi Uniheim Real Estate Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	17997.922	/	47492.644
	=	0.38

Yamaichi Uniheim Real Estate Co (TSE:2984) 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.

Yamaichi Uniheim Real Estate Co LT-Debt-to-Total-Asset Related Terms

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Yamaichi Uniheim Real Estate Co (TSE:2984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yamaichi Uniheim Real Estate Co Ltd (TSE:2984) » Definitions » LT-Debt-to-Total-Asset

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Address

Wakayama Nakanoshima 1518, Nakanoshima 801 building 5 floor, Yubinbango, Osaka, JPN, 640-8392

Website

https://www.yg801.jp

Yamaichi Real Estate Co Ltd is a real estate development company engaged in provision of sales, leasing, management and brokerage services. The company develops commercial land, business land, residential land, condominiums and rental condominiums. Its development business ranges from residential areas to business sites such as factories and warehouses, urban commercial facilities, and suburban commercial facilities.

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