Alphax Food System Co (TSE:3814) LT-Debt-to-Total-Asset : 0.49 (As of Dec. 2023)

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What is Alphax Food System 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. Alphax Food System Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.49.

Alphax Food System Co's long-term debt to total assets ratio declined from Dec. 2022 (0.56) to Dec. 2023 (0.49). It may suggest that Alphax Food System Co is progressively becoming less dependent on debt to grow their business.

Alphax Food System Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alphax Food System 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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Alphax Food System Co LT-Debt-to-Total-Asset Chart

Alphax Food System Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.17

0.47

0.48

0.66

0.49

Alphax Food System 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															0.56	0.53	0.55	0.49	0.49

Alphax Food System Co LT-Debt-to-Total-Asset Calculation

Alphax Food System Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	779.47	/	1577.296
	=	0.49

Alphax Food System 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 )
	=	756.183	/	1554.478
	=	0.49

Alphax Food System Co (TSE:3814) 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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Alphax Food System Co (TSE:3814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alphax Food System Co LTD (TSE:3814) » Definitions » LT-Debt-to-Total-Asset

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Address

128 Senzaki Sanyo Onoda, Yamaguchi Prefecture, Ube, JPN, 756-0039

Website

http://www.afs.co.jp

Alphax Food System Co LTD provides ASP intranet services through various mission-critical systems; engages in planning and selling system equipment; offers hardware and software maintenance services; and operates e-restaurant marketplace. It operates store chain systems and supply chain systems. It also provides magazine services to the information magazine service industry.

Alphax Food System Co (TSE:3814) Headlines

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