Kintetsu Department Store Co (TSE:8244) LT-Debt-to-Total-Asset : 0.01 (As of Feb. 2024)

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What is Kintetsu Department Store 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. Kintetsu Department Store Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.01.

Kintetsu Department Store Co's long-term debt to total assets ratio declined from Feb. 2023 (0.02) to Feb. 2024 (0.01). It may suggest that Kintetsu Department Store Co is progressively becoming less dependent on debt to grow their business.

Kintetsu Department Store Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kintetsu Department Store 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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Kintetsu Department Store Co LT-Debt-to-Total-Asset Chart

Kintetsu Department Store Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.01

Kintetsu Department Store Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Kintetsu Department Store Co LT-Debt-to-Total-Asset Calculation

Kintetsu Department Store 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 )
	=	896	/	115364
	=	0.01

Kintetsu Department Store Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	896	/	115364
	=	0.01

Kintetsu Department Store Co (TSE:8244) 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.

Kintetsu Department Store Co LT-Debt-to-Total-Asset Related Terms

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Kintetsu Department Store Co (TSE:8244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kintetsu Department Store Co Ltd (TSE:8244) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-43 Abenosuji, Osaka, JPN

Website

http://www.d-kintetsu.co.jp

Kintetsu Department Store CO., Ltd. is principally engaged in operating department store business in the Kansai region of Japan. The company offers a broad range of merchandise, including apparel, cosmetics, medicine, jewelry, accessories, travel goods, household electric appliances, and other. Kintetsu Department Store provides complementary functions, including restaurants, coffee shops, and other services, like hotel delivery service, home delivery service, luggage storage, sightseeing information services, and other.

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