Cresco (TSE:4674) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Cresco 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. Cresco's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Cresco's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Cresco is progressively becoming more dependent on debt to grow their business.

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

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

Cresco Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.04

0.03

0.01

0.04

Cresco Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	-	0.03	0.03

Cresco LT-Debt-to-Total-Asset Calculation

Cresco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1626.996	/	39714.405
	=	0.04

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1375	/	40485.574
	=	0.03

Cresco (TSE:4674) 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.

Cresco LT-Debt-to-Total-Asset Related Terms

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Cresco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cresco Ltd (TSE:4674) » Definitions » LT-Debt-to-Total-Asset

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Address

Shinagawa Intercity Building A 25 - 27 Floor, Minato - ku, Tokyo, JPN, 108-6026

Website

http://www.cresco.co.jp

Cresco Ltd is engaged in the information technology (IT) service business. Its business activities are divided into four divisions including Consulting and solution service operations, Design and development work, Operation management, Research, analysis, evaluation and technical support work. Services and solutions offered by the company include KEYAKI a platform that supports from development to operation of applications using sensors, beacons, and micro servers, Minervae (Minerva) a service brand that provides artificial intelligence (AI) know-how of utilization, Creage (Claire) a service that provides total support from cloud introduction consulting, integration, operation and monitoring. It also conducts seminars using technology useful for a digital change.

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