Edge Technology (TSE:4268) LT-Debt-to-Total-Asset : 0.01 (As of Jan. 2024)

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What is Edge Technology 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. Edge Technology's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.01.

Edge Technology's long-term debt to total assets ratio declined from Jan. 2023 (0.02) to Jan. 2024 (0.01). It may suggest that Edge Technology is progressively becoming less dependent on debt to grow their business.

Edge Technology LT-Debt-to-Total-Asset Historical Data

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

Edge Technology Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

0.21

0.17

0.04

0.02

Edge Technology Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.02	0.02	0.02	0.02	0.01

Edge Technology LT-Debt-to-Total-Asset Calculation

Edge Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	17.816	/	925.897
	=	0.02

Edge Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	12.452	/	976.143
	=	0.01

Edge Technology (TSE:4268) 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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Edge Technology (TSE:4268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edge Technology Inc (TSE:4268) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-32-7 Kanda Sudacho, Cress Real Estate Kanda Building 5th Floor, Tokyo, JPN

Website

https://www.edge-tech.co.jp

Edge Technology Inc is engaged in the AI implementation support and big data analysis consulting business.

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