Eltes Co (TSE:3967) LT-Debt-to-Total-Asset : 0.32 (As of May. 2024)

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What is Eltes 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. Eltes Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.32.

Eltes Co's long-term debt to total assets ratio declined from May. 2023 (0.36) to May. 2024 (0.32). It may suggest that Eltes Co is progressively becoming less dependent on debt to grow their business.

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

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

Eltes Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.01

0.29

0.26

0.36

0.30

Eltes Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.35	0.34	0.30	0.32

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

Eltes Co'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 )
	=	2091.9	/	6898.024
	=	0.30

Eltes Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	2183.003	/	6877.891
	=	0.32

Eltes Co (TSE:3967) 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.

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

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Eltes Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Eltes Co Ltd (TSE:3967) » Definitions » LT-Debt-to-Total-Asset

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Address

3-2-5, Kasumigaseki, 6th Floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN, 100-6006

Website

https://eltes.co.jp

Eltes Co Ltd provides consultation services based on digital risk technology for database risk and other large storage protection in Japan. It also offers internal fraud detection services that enable the prevention of information security breaches caused by internal factors; and a service that includes detection and diagnosis of security breaches caused by external factors.

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