Gunma Bank (TSE:8334) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Gunma Bank 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. Gunma Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Gunma Bank's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.11). It may suggest that Gunma Bank is progressively becoming less dependent on debt to grow their business.

Gunma Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gunma Bank'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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Gunma Bank LT-Debt-to-Total-Asset Chart

Gunma Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

0.13

0.15

0.10

0.11

Gunma Bank Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.11	0.11	0.11	0.11

Gunma Bank LT-Debt-to-Total-Asset Calculation

Gunma Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1227184	/	10818218
	=	0.11

Gunma Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1194865	/	10646941
	=	0.11

Gunma Bank (TSE:8334) 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.

Gunma Bank LT-Debt-to-Total-Asset Related Terms

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Gunma Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gunma Bank Ltd (TSE:8334) » Definitions » LT-Debt-to-Total-Asset

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5F0:Germany

Address

194 Motosojamachi, Gunma Prefecture, Maebashi, JPN, 371-8611

Website

http://www.gunmabank.co.jp

Gunma Bank Ltd is a Japan-based company that is principally engaged in providing banking services. As a regional bank, the company conducts businesses mainly in Gunma Prefecture and neighboring areas. The company's core segments include the banking segment and the leasing segment, with the banking segment contributing most of the company's revenue. The company also has a securities business, a guarantee business, a credit card business, and other businesses.

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