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Tokai Soft Co (TSE:4430) LT-Debt-to-Total-Asset : 0.11 (As of Feb. 2024)


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What is Tokai Soft 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. Tokai Soft Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.11.

Tokai Soft Co's long-term debt to total assets ratio declined from Feb. 2023 (0.16) to Feb. 2024 (0.11). It may suggest that Tokai Soft Co is progressively becoming less dependent on debt to grow their business.


Tokai Soft Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokai Soft 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.

* Premium members only.

Tokai Soft Co LT-Debt-to-Total-Asset Chart

Tokai Soft Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.03 0.01 0.23 0.18 0.14

Tokai Soft Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.14 0.13 0.11 0.11

Tokai Soft Co LT-Debt-to-Total-Asset Calculation

Tokai Soft Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )=Long-Term Debt & Capital Lease Obligation (A: May. 2023 )/Total Assets (A: May. 2023 )
=1067.207/7786.201
=0.14

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

LT Debt to Total Assets (Q: Feb. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )/Total Assets (Q: Feb. 2024 )
=816.923/7738.297
=0.11

* 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.


Tokai Soft Co  (TSE:4430) 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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Tokai Soft Co (TSE:4430) Business Description

Traded in Other Exchanges
N/A
Address
2-15-1 Shinmichi Nishi-ku, Nagoya, JPN, 451-0043
Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.

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