Kohnan Shoji Co (TSE:7516) LT-Debt-to-Total-Asset : 0.29 (As of Aug. 2024)

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What is Kohnan Shoji 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. Kohnan Shoji Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.29.

Kohnan Shoji Co's long-term debt to total assets ratio increased from Aug. 2023 (0.27) to Aug. 2024 (0.29). It may suggest that Kohnan Shoji Co is progressively becoming more dependent on debt to grow their business.

Kohnan Shoji Co LT-Debt-to-Total-Asset Historical Data

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

Kohnan Shoji Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.28

0.27

0.26

0.28

Kohnan Shoji Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.30	0.28	0.31	0.29

Kohnan Shoji Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	129954	/	458557
	=	0.28

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	140045	/	479107
	=	0.29

Kohnan Shoji Co (TSE:7516) 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.

Kohnan Shoji Co LT-Debt-to-Total-Asset Related Terms

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Kohnan Shoji Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kohnan Shoji Co Ltd (TSE:7516) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-2-17 Nishimiyahara, Yodogawa-ku, Osaka, JPN, 532-0004

Website

http://www.hc-kohnan.com

Kohnan Shoji Co Ltd is a Japan-based company that is principally engaged in retail of products related to home improvement, housekeeping, and automotive supplies and accessories. The company operates through three store chains with different styles: Home Center, mainly offering DIY products and household goods to improve consumers' home and life; Homestock, a small-format version of Home Center with original brands EDLP and Lifelex; and Kohnan Pro, providing tools, building materials, and working equipment for professionals. Most of the company's stores are Home Center stores.

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