Palma Co (TSE:3461) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Palma 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. Palma Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Palma Co's long-term debt to total assets ratio declined from Jun. 2023 (0.24) to Sep. 2024 (0.15). It may suggest that Palma Co is progressively becoming less dependent on debt to grow their business.

Palma Co LT-Debt-to-Total-Asset Historical Data

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

Palma Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.21

0.17

0.16

0.19

0.15

Palma 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															0.24	0.19	0.19	0.18	0.15

Palma Co LT-Debt-to-Total-Asset Calculation

Palma 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 )
	=	524.904	/	3544.668
	=	0.15

Palma Co'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 )
	=	524.904	/	3544.668
	=

Palma Co (TSE:3461) 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.

Palma Co LT-Debt-to-Total-Asset Related Terms

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Palma Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Palma Co Ltd (TSE:3461) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-4-11 Nagatacho, Chiyoda-ku, Friend Bill 6th Floor, Tokyo, JPN, 100-0014

Website

http://www.palma.jp

Palma Co Ltd is engaged in the self-storage business for the business process outsourcing. Its three solutions services include business solution services, IT solution services, and turn-key solutions. Its IT solution services include WEB reservation settlement and an inventory management system and turn-key solutions include facility development sales and property management.

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