Aida Sekkei Co (TSE:2990) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2023)

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What is Aida Sekkei 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. Aida Sekkei Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.26.

Aida Sekkei Co's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.26). It may suggest that Aida Sekkei Co is progressively becoming more dependent on debt to grow their business.

Aida Sekkei Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aida Sekkei 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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Aida Sekkei Co LT-Debt-to-Total-Asset Chart

Aida Sekkei Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.30

0.28

0.33

Aida Sekkei Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.29	0.28	-	0.33	0.26

Aida Sekkei Co LT-Debt-to-Total-Asset Calculation

Aida Sekkei 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 )
	=	21737	/	66955
	=	0.32

Aida Sekkei Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	18111	/	68951
	=	0.26

Aida Sekkei Co (TSE:2990) 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.

Aida Sekkei Co LT-Debt-to-Total-Asset Related Terms

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Aida Sekkei Co (TSE:2990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Aida Sekkei Co Ltd (TSE:2990) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854

Website

https://www.aidagroup.co.jp

Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co (TSE:2990) Headlines

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