SmartDrive (TSE:5137) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is SmartDrive 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. SmartDrive's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

SmartDrive's long-term debt to total assets ratio declined from Jun. 2023 (0.34) to Sep. 2024 (0.29). It may suggest that SmartDrive is progressively becoming less dependent on debt to grow their business.

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

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

SmartDrive Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

0.54

0.42

0.46

0.35

0.29

SmartDrive Quarterly Data
	Sep20	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.34	0.35	0.34	0.33	0.29

SmartDrive LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	530	/	1862.327
	=	0.28

SmartDrive'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 )
	=	530	/	1862.327
	=

SmartDrive (TSE:5137) 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.

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

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SmartDrive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartDrive inc (TSE:5137) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-1-2 Yuraku-cho, 12th Floor, Hibiya Mitsui Tower, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

https://www.smartdrive.co.jp

SmartDrive inc is engaged in the development and provision of hardware, applications, telematics services and data collection and analysis business.

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