Hirogin Holdings (TSE:7337) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Hirogin Holdings 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. Hirogin Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Hirogin Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.15). It may suggest that Hirogin Holdings is progressively becoming more dependent on debt to grow their business.

Hirogin Holdings LT-Debt-to-Total-Asset Historical Data

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

Hirogin Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.09

0.10

0.09

0.17

Hirogin Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.09	0.09	0.14	0.15	0.17

Hirogin Holdings LT-Debt-to-Total-Asset Calculation

Hirogin Holdings'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 )
	=	2196884	/	12790381
	=	0.17

Hirogin Holdings'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 )
	=	1832980	/	12549775
	=	0.15

Hirogin Holdings (TSE:7337) 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.

Hirogin Holdings LT-Debt-to-Total-Asset Related Terms

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Hirogin Holdings (TSE:7337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hirogin Holdings Inc (TSE:7337) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HROGF:USA

Address

1-7, Nishikaniya 1-chome, Minami-ku, Hiroshima-shi, Hiroshima, JPN, 732-0804

Website

https://www.hirogin-hd.co.jp/

Hirogin Holdings Inc is engaged in business management of banks and other companies and any other business activities incidental or related thereto.

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