Okuwa Co (TSE:8217) LT-Debt-to-Total-Asset : 0.07 (As of Aug. 2024)

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What is Okuwa 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. Okuwa Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.07.

Okuwa Co's long-term debt to total assets ratio declined from Aug. 2023 (0.08) to Aug. 2024 (0.07). It may suggest that Okuwa Co is progressively becoming less dependent on debt to grow their business.

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

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

Okuwa Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.11

0.09

0.08

0.07

0.09

Okuwa Co Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.09	0.08	0.07	0.09

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

Okuwa 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 )
	=	11781	/	132496
	=	0.09

Okuwa 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 )
	=	9834	/	133380
	=	0.07

Okuwa Co (TSE:8217) 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.

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

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Okuwa Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Okuwa Co Ltd (TSE:8217) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

185 3 Nakajima, Wakayama, JPN, 641-8501

Website

http://www.okuwa.net

Okuwa Co Ltd operates a retail chain of stores in Japan. The company's products that it sells include foods, alcoholic beverages, rice, household items, residential goods, upholstery, Do It Yourself products, leisure goods, sporting goods, household appliances, cosmetics, pharmaceuticals, clothing and various other items. It operates more than 15 stores in Wakayama, Osaka, Nara, Mie, Hyogo, Aichi, Gifu, Shizuoka cities in Japan.

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