Kobe Bussan Co (TSE:3038) LT-Debt-to-Total-Asset : 0.16 (As of Apr. 2024)

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What is Kobe Bussan 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. Kobe Bussan Co's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.16.

Kobe Bussan Co's long-term debt to total assets ratio declined from Apr. 2023 (0.19) to Apr. 2024 (0.16). It may suggest that Kobe Bussan Co is progressively becoming less dependent on debt to grow their business.

Kobe Bussan Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kobe Bussan 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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Kobe Bussan Co LT-Debt-to-Total-Asset Chart

Kobe Bussan Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.29

0.23

0.13

0.15

0.18

Kobe Bussan Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.18	0.18	0.16	-

Kobe Bussan Co LT-Debt-to-Total-Asset Calculation

Kobe Bussan Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	37001	/	211891
	=	0.17

Kobe Bussan Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	36451	/	222177
	=	0.16

Kobe Bussan Co (TSE:3038) 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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Kobe Bussan Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kobe Bussan Co Ltd (TSE:3038) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

59G:Germany

Address

883 Nakaishiki Inami-cho, Hyogo-ken, Kako-gun, JPN, 675-1127

Website

http://www.kobebussan.co.jp

Kobe Bussan Co Ltd is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.

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