SharingTechnology (TSE:3989) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is SharingTechnology 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. SharingTechnology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

SharingTechnology's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Sep. 2024 (0.05). It may suggest that SharingTechnology is progressively becoming less dependent on debt to grow their business.

SharingTechnology LT-Debt-to-Total-Asset Historical Data

The historical data trend for SharingTechnology'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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SharingTechnology LT-Debt-to-Total-Asset Chart

SharingTechnology Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.41

0.25

0.03

0.11

0.05

SharingTechnology 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															0.14	0.11	0.09	0.08	0.05

SharingTechnology LT-Debt-to-Total-Asset Calculation

SharingTechnology'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 )
	=	311.916	/	6319.015
	=	0.05

SharingTechnology'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 )
	=	311.916	/	6319.015
	=

SharingTechnology (TSE:3989) 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.

SharingTechnology LT-Debt-to-Total-Asset Related Terms

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SharingTechnology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » SharingTechnology Inc (TSE:3989) » Definitions » LT-Debt-to-Total-Asset

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Address

HF Sakura-dori Building 2nd Floor, Marunouchi 3-23-20 Naka-ku Nagoya-shi, Aichi, JPN, 460-0002

Website

http://www.sharing-tech.jp

SharingTechnology Inc is a life service matching platform, that connects a variety of user needs arising from ever diversifying lifestyles and service providers who cater to such needs with high-quality services. Its platform enables users to search, compare, and inquire about the optimal service provider from approximately 200 service genres on living to solve troubled what to do in their daily lives.

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