Japan Reliance Service (TSE:4664) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Japan Reliance Service 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. Japan Reliance Service's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Japan Reliance Service's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.06). It may suggest that Japan Reliance Service is progressively becoming more dependent on debt to grow their business.

Japan Reliance Service LT-Debt-to-Total-Asset Historical Data

The historical data trend for Japan Reliance Service'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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Japan Reliance Service LT-Debt-to-Total-Asset Chart

Japan Reliance Service Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.07

0.05

0.04

0.07

Japan Reliance Service Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.07	0.06	0.07	0.06

Japan Reliance Service LT-Debt-to-Total-Asset Calculation

Japan Reliance Service's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	296.136	/	4251.458
	=	0.07

Japan Reliance Service's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	249.732	/	4152.768
	=	0.06

Japan Reliance Service (TSE:4664) 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.

Japan Reliance Service LT-Debt-to-Total-Asset Related Terms

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Japan Reliance Service (TSE:4664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Japan Reliance Service Corp (TSE:4664) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-3 Higashiikebukuro, Sunshine City World Import Mart Building, 9th Floor, Toshima-ku, Tokyo, JPN, 170-8630

Website

http://www.trsc.co.jp

Japan Reliance Service Corp is engaged in the provision of building management services. It offers building maintenance, personnel services, care services, and facilities management services, among others. In addition, the company also offers nursing care services and security services.

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