WingArc1st (TSE:4432) LT-Debt-to-Total-Asset : 0.13 (As of Feb. 2024)

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What is WingArc1st 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. WingArc1st's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.13.

WingArc1st's long-term debt to total assets ratio declined from Feb. 2023 (0.16) to Feb. 2024 (0.13). It may suggest that WingArc1st is progressively becoming less dependent on debt to grow their business.

WingArc1st LT-Debt-to-Total-Asset Historical Data

The historical data trend for WingArc1st'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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WingArc1st LT-Debt-to-Total-Asset Chart

WingArc1st Annual Data

Trend

Feb17

Feb18

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.28

0.25

0.21

0.16

0.13

WingArc1st Quarterly Data
	Nov17	Feb18	Nov18	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															0.16	0.16	0.14	0.14	0.13

WingArc1st LT-Debt-to-Total-Asset Calculation

WingArc1st'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 )
	=	8515.758	/	65950.027
	=	0.13

WingArc1st'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 )
	=	8515.758	/	65950.027
	=	0.13

WingArc1st (TSE:4432) 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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WingArc1st (TSE:4432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WingArc1st Inc (TSE:4432) » Definitions » LT-Debt-to-Total-Asset

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Address

Roppongi Grand Tower, 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-6235

Website

http://www.wingarc.com

WingArc1st Inc offers software and services that enable customers to effectively use and obtain strategic insights from their data. The company's core products are SVF (Enterprise Output Management), Dr.Sum/ MotionBoard (Business Intelligence) and VyNDEX (CRM).

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