Goodpatch (TSE:7351) LT-Debt-to-Total-Asset : 0.02 (As of Feb. 2024)

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What is Goodpatch 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. Goodpatch's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.02.

Goodpatch's long-term debt to total assets ratio declined from Feb. 2023 (0.03) to Feb. 2024 (0.02). It may suggest that Goodpatch is progressively becoming less dependent on debt to grow their business.

Goodpatch LT-Debt-to-Total-Asset Historical Data

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

Goodpatch Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.05

0.13

0.09

0.05

0.02

Goodpatch Quarterly Data
	Aug18	Aug19	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														0.03	0.02	0.02	0.02	0.02

Goodpatch LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	86.243	/	4671.549
	=	0.02

Goodpatch'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 )
	=	85.69	/	4469.778
	=	0.02

Goodpatch (TSE:7351) 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.

Goodpatch LT-Debt-to-Total-Asset Related Terms

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Goodpatch (TSE:7351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Goodpatch Inc (TSE:7351) » Definitions » LT-Debt-to-Total-Asset

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Address

3-3 VORT Shibuya South 2nd Floor, Uguisuda nicho, Shibuya Ward, Tokyo, JPN, 150-0032

Website

https://goodpatch.com

Goodpatch Inc is a provider of UI / UX design, business model design, brand experience design, organizational design, and software development services. The company provides product design, business design and brand experience design.

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