Renascience (TSE:4889) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Renascience 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. Renascience's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Renascience's long-term debt to total assets ratio increased from Jun. 2023 (0.16) to Sep. 2024 (0.19). It may suggest that Renascience is progressively becoming more dependent on debt to grow their business.

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

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

Renascience Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.38

0.45

0.08

0.14

0.17

Renascience Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.16	0.16	0.17	0.17	0.19

Renascience LT-Debt-to-Total-Asset Calculation

Renascience'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 )
	=	356.1	/	2088.833
	=	0.17

Renascience'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 )
	=	365.577	/	1957.093
	=

Renascience (TSE:4889) 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.

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

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Renascience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Renascience Inc (TSE:4889) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-3-6 Nihombashi-Honcho, Chuo-ku, Tokyo, JPN, 103-0023

Website

https://www.renascience.co.jp

Renascience Inc is engaged in the research and development of new medical solutions by utilizing various modalities such as pharmaceuticals, medical devices, artificial intelligence and others to solve problems in the medical setting.

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