Ledax Co (TSE:7602) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Ledax 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. Ledax Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Ledax Co's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Ledax Co is progressively becoming less dependent on debt to grow their business.

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

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

Ledax Co Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.01

Ledax Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

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

Ledax Co'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 )
	=	51.382	/	7257.647
	=	0.01

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	37.471	/	8185.078
	=

Ledax Co (TSE:7602) 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.

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

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Ledax Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ledax Co Ltd (TSE:7602) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4-1 Kioicho, 2nf Floor Shin-Kioicho Building, Chiyoda-ku, Tokyo, JPN, 102-8578

Website

https://www.ledax.co.jp

Ledax Co Ltd is engaged in the Purchase and sale of automobiles, distribution of automobiles, management of subsidiaries, etc.

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