Fast Accounting Co (TSE:5588) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Fast Accounting Co 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. Fast Accounting Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Fast Accounting Co's long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.00). It may suggest that Fast Accounting Co is progressively becoming less dependent on debt to grow their business.

Fast Accounting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fast Accounting Co'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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Fast Accounting Co LT-Debt-to-Total-Asset Chart

Fast Accounting Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.04

0.01

Fast Accounting Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.01	0.01	0.01	-

Fast Accounting Co LT-Debt-to-Total-Asset Calculation

Fast Accounting Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	18.062	/	1618.832
	=	0.01

Fast Accounting Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	1828.618
	=	0.00

Fast Accounting Co (TSE:5588) 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.

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Fast Accounting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fast Accounting Co Ltd (TSE:5588) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-15 Hamamatsucho, VORT Hamamatsucho I 3rd Floor, Minato-ku, Tokyo, JPN, 105-0013

Website

https://www.fastaccounting.jp

Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others.

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