Rakuten Bank (TSE:5838) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Rakuten Bank 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. Rakuten Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Rakuten Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.19). It may suggest that Rakuten Bank is progressively becoming less dependent on debt to grow their business.

Rakuten Bank LT-Debt-to-Total-Asset Historical Data

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

Rakuten Bank Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.10

0.17

0.20

0.19

Rakuten Bank Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.20	0.19	0.19	0.19	0.19

Rakuten Bank LT-Debt-to-Total-Asset Calculation

Rakuten Bank'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 )
	=	2580182	/	13480473
	=	0.19

Rakuten Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2446745	/	13173078
	=	0.19

Rakuten Bank (TSE:5838) 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.

Rakuten Bank LT-Debt-to-Total-Asset Related Terms

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Rakuten Bank (TSE:5838) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

2-16-5 Konan Minato-ku, NBF Shinagawa Tower, Tokyo, JPN, 108-0075

Website

https://www.rakuten-bank.co.jp

Rakuten Bank Ltd is engaged in the banking business through electronic medium.

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