Tokai Holdings (TSE:3167) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Tokai Holdings 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. Tokai Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Tokai Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.18). It may suggest that Tokai Holdings is progressively becoming more dependent on debt to grow their business.

Tokai Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokai Holdings'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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Tokai Holdings LT-Debt-to-Total-Asset Chart

Tokai Holdings Annual Data

Trend

Mar15

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Mar17

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Mar24

LT-Debt-to-Total-Asset

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0.23

Tokai Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.15	0.23	-	0.18

Tokai Holdings LT-Debt-to-Total-Asset Calculation

Tokai Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	46443	/	205301
	=	0.23

Tokai Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	34978	/	200043
	=	0.17

Tokai Holdings (TSE:3167) 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.

Tokai Holdings LT-Debt-to-Total-Asset Related Terms

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Tokai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tokai Holdings Corp (TSE:3167) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828

Website

http://www.tokaiholdings.co.jp

Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.

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