Tecmira Holdings (TSE:3627) LT-Debt-to-Total-Asset : 0.15 (As of Aug. 2024)

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What is Tecmira 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. Tecmira Holdings's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.15.

Tecmira Holdings's long-term debt to total assets ratio increased from Aug. 2023 (0.08) to Aug. 2024 (0.15). It may suggest that Tecmira Holdings is progressively becoming more dependent on debt to grow their business.

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

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

Tecmira Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.02

0.14

0.10

0.18

Tecmira Holdings Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.18	0.16	0.15

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

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

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	1788.528	/	10110.131
	=	0.18

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	1552.795	/	10188.78
	=	0.15

Tecmira Holdings (TSE:3627) 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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Tecmira Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tecmira Holdings Inc (TSE:3627) » Definitions » LT-Debt-to-Total-Asset

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Address

1-23-1, Kandasudacho, Sumitomo Fudosan Kanda, Building No. 2 10th Floor, Tokyo, JPN, 101-0041

Website

https://www.tecmira.com

Tecmira Holdings Inc formerly JNS Holdings Inc is a Japan based company engaged in providing construction of web site, mobile application development, cloud solution, onsite support, web marketing, infrastructure construction, and system development.

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