Elements (TSE:5246) LT-Debt-to-Total-Asset : 0.28 (As of Nov. 2024)

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What is Elements 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. Elements's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.28.

Elements's long-term debt to total assets ratio declined from Aug. 2023 (0.37) to Nov. 2024 (0.28). It may suggest that Elements is progressively becoming less dependent on debt to grow their business.

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

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

Elements Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

0.16

0.19

0.34

0.48

0.28

Elements Quarterly Data
	Nov20	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.37	0.48	0.44	0.27	0.28

Elements LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	1392.436	/	4916.868
	=	0.28

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	1392.436	/	4916.868
	=

Elements (TSE:5246) 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.

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

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Elements Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elements Inc (TSE:5246) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Otemachi, 2th Floor, Otemachi Building, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.elementsinc.jp

Elements Inc is engaged in the development and provision of personal authentication solutions such as LIQUID eKYC, an online identity verification service, that utilizes biometrics, image analysis and machine learning technologies, as well as personal optimization solutions for clothing, food and shelter.

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