Environmental Control Center Co (TSE:4657) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Environmental Control Center 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. Environmental Control Center Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Environmental Control Center Co's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.14). It may suggest that Environmental Control Center Co is progressively becoming less dependent on debt to grow their business.

Environmental Control Center Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Environmental Control Center 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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Environmental Control Center Co LT-Debt-to-Total-Asset Chart

Environmental Control Center Co Annual Data

Trend

Mar14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.23

0.20

0.16

0.19

0.18

Environmental Control Center Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.18	0.17	0.14	0.14

Environmental Control Center Co LT-Debt-to-Total-Asset Calculation

Environmental Control Center Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	924.078	/	5243.468
	=	0.18

Environmental Control Center Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	841.018	/	6146.493
	=	0.14

Environmental Control Center Co (TSE:4657) 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.

Environmental Control Center Co LT-Debt-to-Total-Asset Related Terms

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Environmental Control Center Co (TSE:4657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Environmental Control Center Co Ltd (TSE:4657) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-23 Sanda-machi, Hachioji-shi, Tokyo, JPN, 193-0832

Website

http://www.kankyo-kanri.co.jp

Environmental Control Center Co., Ltd. is a Japan based environmental consulting company with a focus on chemical analysis. It provides solutions for environmental problems by monitoring and consulting services for air, water, and soil in the general environment. In addition, it also offers environmental survey, analysis, consulting and designing services for environmental or waste management, environmental conservation and remediation of municipal, prefectural and national governments.

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