Tokyo Ichiban Foods Co (TSE:3067) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Tokyo Ichiban Foods 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. Tokyo Ichiban Foods Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Tokyo Ichiban Foods Co's long-term debt to total assets ratio declined from Mar. 2023 (0.33) to Mar. 2024 (0.28). It may suggest that Tokyo Ichiban Foods Co is progressively becoming less dependent on debt to grow their business.

Tokyo Ichiban Foods Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokyo Ichiban Foods 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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Tokyo Ichiban Foods Co LT-Debt-to-Total-Asset Chart

Tokyo Ichiban Foods Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.39

0.40

0.38

0.33

0.31

Tokyo Ichiban Foods Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.33	0.29	0.28	0.31

Tokyo Ichiban Foods Co LT-Debt-to-Total-Asset Calculation

Tokyo Ichiban Foods Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	1313.878	/	4271.124
	=	0.31

Tokyo Ichiban Foods 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 )
	=	1321.15	/	4693.229
	=	0.28

Tokyo Ichiban Foods Co (TSE:3067) 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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Tokyo Ichiban Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tokyo Ichiban Foods Co Ltd (TSE:3067) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

5-6-1 Shinjuku, Shinjuku Yawaragi Building 4th Floor, Tokyo, JPN, 160-0022

Website

http://www.tokyo-ichiban-foods.co.jp

Tokyo Ichiban Foods Co Ltd is a Japan-based company engages in the operation of restaurants that offer tiger blowfish preparation, sushi, and other fish delicacies. It operates sushi and live fish's restaurant under the Sakana-no-manma name; and tiger blowfish restaurant under the Fuguyoshi Souhonten name.

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