Cookbiz Co (TSE:6558) LT-Debt-to-Total-Asset : 0.25 (As of Feb. 2024)

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What is Cookbiz 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. Cookbiz Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.25.

Cookbiz Co's long-term debt to total assets ratio increased from Feb. 2023 (0.20) to Feb. 2024 (0.25). It may suggest that Cookbiz Co is progressively becoming more dependent on debt to grow their business.

Cookbiz Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cookbiz 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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Cookbiz Co LT-Debt-to-Total-Asset Chart

Cookbiz Co Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.08

0.23

0.21

0.27

Cookbiz Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.18	0.29	0.27	0.25

Cookbiz Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	911.212	/	3441.539
	=	0.26

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	880.353	/	3514.777
	=	0.25

Cookbiz Co (TSE:6558) 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.

Cookbiz Co LT-Debt-to-Total-Asset Related Terms

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Cookbiz Co (TSE:6558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cookbiz Co Ltd (TSE:6558) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

2-7-18 Shibata, 6th Floor, OX Umeda Building Annex, Kita-ku, Osaka, JPN, 530-0012

Website

https://www.cookbiz.co.jp

Cookbiz Co Ltd provides human resources services including recruiting and online recruitment advertising services specializing in the food and beverage industry.

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