AZUMA HOUSE Co (TSE:3293) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is AZUMA HOUSE 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. AZUMA HOUSE Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

AZUMA HOUSE Co's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.33). It may suggest that AZUMA HOUSE Co is progressively becoming less dependent on debt to grow their business.

AZUMA HOUSE Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for AZUMA HOUSE 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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AZUMA HOUSE Co LT-Debt-to-Total-Asset Chart

AZUMA HOUSE Co Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.32

0.34

AZUMA HOUSE Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.34	0.34	0.34	0.33

AZUMA HOUSE Co LT-Debt-to-Total-Asset Calculation

AZUMA HOUSE Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	10527.668	/	30878.306
	=	0.34

AZUMA HOUSE Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10521.663	/	31609.179
	=	0.33

AZUMA HOUSE Co (TSE:3293) 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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AZUMA HOUSE Co (TSE:3293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AZUMA HOUSE Co Ltd (TSE:3293) » Definitions » LT-Debt-to-Total-Asset

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Address

Azma House Building 3rd Floor, Kuroda 1 - chome 2 - 17, Wakayama, JPN, 6408341

Website

http://azumahouse.com/index.html

AZUMA HOUSE Co.,Ltd. is a real estate company engaged in construction and distribution of residential houses built for sale, the sale of land and the provision of building renovation service and real estate brokerage service.

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