Ondeck Co (TSE:7360) LT-Debt-to-Total-Asset : 0.02 (As of Nov. 2024)

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

Ondeck Co's long-term debt to total assets ratio increased from Aug. 2023 (0.00) to Nov. 2024 (0.02). It may suggest that Ondeck Co is progressively becoming more dependent on debt to grow their business.

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

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

Ondeck Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.06

0.01

0.02

Ondeck Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	-	-	-	0.02

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

Ondeck Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	36.672	/	1680.168
	=	0.02

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	36.672	/	1680.168
	=

Ondeck Co (TSE:7360) 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.

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

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Ondeck Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ondeck Co Ltd (TSE:7360) » Definitions » LT-Debt-to-Total-Asset

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Address

1-9-28 Kyutaromachi, Matsuura Sakaisuji Honmachi Building 2nd Floor, Chuo-ku, Osaka, JPN, 541-0056

Website

https://www.ondeck.jp

Ondeck Co Ltd specializes in supporting merger and acquisition (M&A) of small and medium businesses. It operates as an intermediary in M&A, and also provides various advisory services related to corporate and business revitalization and restructuring.

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