Mie Kotsu Group Holdings (TSE:3232) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Mie Kotsu Group 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. Mie Kotsu Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Mie Kotsu Group Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.24) to Sep. 2024 (0.28). It may suggest that Mie Kotsu Group Holdings is progressively becoming more dependent on debt to grow their business.

Mie Kotsu Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mie Kotsu Group 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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Mie Kotsu Group Holdings LT-Debt-to-Total-Asset Chart

Mie Kotsu Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.31

0.26

0.24

Mie Kotsu Group Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.24	-	0.28	0.27

Mie Kotsu Group Holdings LT-Debt-to-Total-Asset Calculation

Mie Kotsu Group 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 )
	=	42810.322	/	181293.822
	=	0.24

Mie Kotsu Group 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 )
	=	50324.152	/	178387.183
	=	0.28

Mie Kotsu Group Holdings (TSE:3232) 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.

Mie Kotsu Group Holdings LT-Debt-to-Total-Asset Related Terms

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Mie Kotsu Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mie Kotsu Group Holdings Inc (TSE:3232) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, No. 1 Tsu City, Mie, JPN

Website

http://holdings.sanco.co.jp/

Mie Kotsu Group Holdings Inc is a Japan-based company mainly engaged in the provision of transportation services. The company operates through four businesses namely real estate, transportation, distribution and leisure services. Its real estate business is involved in the trading and leasing of real estates. The transportation business offers bus, taxi, railway transportation, and automobile maintenance services. Its distribution business consists of delivering goods and services. The leisure services market operates hotels and golf courses as well as tourism consulting services.

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