Sunautas Co (TSE:7623) LT-Debt-to-Total-Asset : 0.21 (As of Oct. 2024)

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What is Sunautas 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. Sunautas Co's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.21.

Sunautas Co's long-term debt to total assets ratio declined from Jul. 2023 (0.22) to Oct. 2024 (0.21). It may suggest that Sunautas Co is progressively becoming less dependent on debt to grow their business.

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

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

Sunautas Co Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

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0.20

0.24

0.26

0.18

0.22

Sunautas Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.22	0.22	0.21

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

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

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	2562.149	/	11747.931
	=	0.22

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

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	2477.783	/	11569.103
	=

Sunautas Co (TSE:7623) 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.

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

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Sunautas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sunautas Co Ltd (TSE:7623) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2-4-15 Shin-Yokohama Ota Kosan Building, 9th Floor, Kanagawa Prefecture Shin-Yokohama, Kohoku-ku, Yokohama, JPN, 222-0033

Website

http://www.sunautas.co.jp

Sunautas Co Ltd is a Japanese company engaged in total car service. The services offered by the company include gas stations, store network of imported cars, BMW dealers which include sales, maintenance, and accessory sales, and comprehensive insurance agency.

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