Kanamic Network Co (TSE:3939) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Kanamic Network 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. Kanamic Network Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Kanamic Network Co's long-term debt to total assets ratio declined from Dec. 2022 (0.44) to Dec. 2023 (0.16). It may suggest that Kanamic Network Co is progressively becoming less dependent on debt to grow their business.

Kanamic Network Co LT-Debt-to-Total-Asset Historical Data

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

Kanamic Network Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.46

0.45

0.17

Kanamic Network 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															0.44	0.41	0.13	0.17	0.16

Kanamic Network Co LT-Debt-to-Total-Asset Calculation

Kanamic Network 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 )
	=	930.584	/	5653.058
	=	0.16

Kanamic Network 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 )
	=	843.431	/	5257.521
	=	0.16

Kanamic Network Co (TSE:3939) 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.

Kanamic Network Co LT-Debt-to-Total-Asset Related Terms

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Kanamic Network Co (TSE:3939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanamic Network Co Ltd (TSE:3939) » Definitions » LT-Debt-to-Total-Asset

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0WT:Germany

Address

4-20-3 Ebisu, 31st floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6031

Website

http://www.kanamic.net

Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.

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