Beauty Kadan Holdings Co (TSE:3041) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Beauty Kadan 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. Beauty Kadan Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Beauty Kadan Holdings Co's long-term debt to total assets ratio declined from Mar. 2023 (0.31) to Mar. 2024 (0.30). It may suggest that Beauty Kadan Holdings Co is progressively becoming less dependent on debt to grow their business.

Beauty Kadan Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beauty Kadan 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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Beauty Kadan Holdings Co LT-Debt-to-Total-Asset Chart

Beauty Kadan Holdings Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.32

0.38

0.32

0.31

Beauty Kadan Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.31	0.28	0.29	0.30

Beauty Kadan Holdings Co LT-Debt-to-Total-Asset Calculation

Beauty Kadan Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	763.521	/	2462.09
	=	0.31

Beauty Kadan Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	833.611	/	2787.624
	=	0.30

Beauty Kadan Holdings Co (TSE:3041) 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.

Beauty Kadan Holdings Co LT-Debt-to-Total-Asset Related Terms

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Beauty Kadan Holdings Co (TSE:3041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Beauty Kadan Holdings Co Ltd (TSE:3041) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-46, Distribution Danchi, Minami-ku, Kumamoto Ryutsudanchi, Kumamoto, JPN, 862-0967

Website

https://www.beauty-kadan.co.jp

Beauty Kadan Holdings Co Ltd formerly Beauty Kadan Co Ltd offers planning and setting up of flower-arrangement altars for funerals and other events. The company also wholesales fresh flowers and bridal flower business. It also has other businesses which includes System development business and Ceremonial business.

Beauty Kadan Holdings Co (TSE:3041) Headlines

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