Bestone.Com Co (TSE:6577) LT-Debt-to-Total-Asset : 0.27 (As of Apr. 2024)

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What is Bestone.Com 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. Bestone.Com Co's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.27.

Bestone.Com Co's long-term debt to total assets ratio declined from Apr. 2023 (0.37) to Apr. 2024 (0.27). It may suggest that Bestone.Com Co is progressively becoming less dependent on debt to grow their business.

Bestone.Com Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bestone.Com 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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Bestone.Com Co LT-Debt-to-Total-Asset Chart

Bestone.Com Co Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.34

0.53

0.54

0.46

0.30

Bestone.Com Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.30	0.35	0.31	0.27

Bestone.Com Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	785.891	/	2661.728
	=	0.30

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

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	801.973	/	2982.931
	=	0.27

Bestone.Com Co (TSE:6577) 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.

Bestone.Com Co LT-Debt-to-Total-Asset Related Terms

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Bestone.Com Co (TSE:6577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bestone.Com Co Ltd (TSE:6577) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-6 Tomihisa-chi, Nishikura LK Building 2nd Floor, Shinjuku-Ku, Tokyo, JPN, 162-0067

Website

http://www.best1cruise-corp.info

Bestone.Com Co Ltd offers travel services. The Company mainly provides domestic and overseas cruise travel services. Bestone.Com also offers travel media development and operation services.

Bestone.Com Co (TSE:6577) Headlines

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