Image Magic (TSE:7793) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Image Magic 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. Image Magic's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Image Magic's long-term debt to total assets ratio declined from Apr. 2023 (0.09) to Jun. 2024 (0.07). It may suggest that Image Magic is progressively becoming less dependent on debt to grow their business.

Image Magic LT-Debt-to-Total-Asset Historical Data

The historical data trend for Image Magic'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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Image Magic LT-Debt-to-Total-Asset Chart

Image Magic Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

0.28

0.24

0.14

0.09

Image Magic Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.09	0.11	0.10	0.09	0.07

Image Magic LT-Debt-to-Total-Asset Calculation

Image Magic's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	203.187	/	2335.015
	=	0.09

Image Magic's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	199.374	/	2855.168
	=	0.07

Image Magic (TSE:7793) 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.

Image Magic LT-Debt-to-Total-Asset Related Terms

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Image Magic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Image Magic Inc (TSE:7793) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-3-11 Koishikawa, Rising Plaza Korakuen 6th Floor, Bunkyo-ku, Tokyo, JPN, 112-0002

Website

https://imagemagic.jp

Image Magic Inc is a solution company, which is engaged in developing various services and solutions related to on-demand printing for original products.

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