Storage-OH Co (TSE:2997) LT-Debt-to-Total-Asset : 0.21 (As of Jul. 2024)

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What is Storage-OH 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. Storage-OH Co's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.21.

Storage-OH Co's long-term debt to total assets ratio declined from Jul. 2023 (0.28) to Jul. 2024 (0.21). It may suggest that Storage-OH Co is progressively becoming less dependent on debt to grow their business.

Storage-OH Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Storage-OH 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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Storage-OH Co LT-Debt-to-Total-Asset Chart

Storage-OH Co Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

0.23

0.10

0.23

0.34

Storage-OH Co Quarterly Data
	Jan20	Jan21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.28	0.31	0.38	0.26	0.21

Storage-OH Co LT-Debt-to-Total-Asset Calculation

Storage-OH Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	613.011	/	1819.733
	=	0.34

Storage-OH Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	910.059	/	4293.399
	=	0.21

Storage-OH Co (TSE:2997) 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.

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Storage-OH Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Storage-OH Co Ltd (TSE:2997) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-23 Ichikawaminami, Ichikawa-shi, 4th floor, Keiyo Housing Ichikawa Building, Chiba, JPN, 272-0033

Website

https://www.storageoh.jp

Storage-OH Co Ltd is a property management company. The company is engaged in planning, development, operation, management of trunk room property management business.

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