Earth Infinity Co (TSE:7692) LT-Debt-to-Total-Asset : 0.28 (As of Jan. 2024)

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What is Earth Infinity 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. Earth Infinity Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.28.

Earth Infinity Co's long-term debt to total assets ratio increased from Jan. 2023 (0.22) to Jan. 2024 (0.28). It may suggest that Earth Infinity Co is progressively becoming more dependent on debt to grow their business.

Earth Infinity Co LT-Debt-to-Total-Asset Historical Data

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

Earth Infinity Co Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.20

0.07

0.05

0.25

0.27

Earth Infinity Co Quarterly Data
	Jul18	Jul19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.22	0.27	0.27	0.30	0.28

Earth Infinity Co LT-Debt-to-Total-Asset Calculation

Earth Infinity Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	686.055	/	2584.386
	=	0.27

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

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	617.321	/	2175.645
	=	0.28

Earth Infinity Co (TSE:7692) 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.

Earth Infinity Co LT-Debt-to-Total-Asset Related Terms

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Earth Infinity Co (TSE:7692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Earth Infinity Co Ltd (TSE:7692) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-28 Dojimahama, Osaka Kita-ku, Osaka, JPN, 530-0004

Website

https://www.earth-infinity.co.jp

Earth Infinity Co Ltd is engaged in electricity retailing and gas retailing. The company is also engaged in manufacturing, sales and unloading of electronic equipment and electric products.

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