Chiba Kogyo Bank (TSE:8337) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Chiba Kogyo 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. Chiba Kogyo Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Chiba Kogyo Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that Chiba Kogyo Bank is progressively becoming more dependent on debt to grow their business.

Chiba Kogyo Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chiba Kogyo 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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Chiba Kogyo Bank LT-Debt-to-Total-Asset Chart

Chiba Kogyo Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.05

0.12

0.01

Chiba Kogyo Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.02

Chiba Kogyo Bank LT-Debt-to-Total-Asset Calculation

Chiba Kogyo Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	21830	/	3180129
	=	0.01

Chiba Kogyo Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	53287	/	3308981
	=	0.02

Chiba Kogyo Bank (TSE:8337) 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.

Chiba Kogyo Bank LT-Debt-to-Total-Asset Related Terms

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Chiba Kogyo Bank (TSE:8337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chiba Kogyo Bank Ltd (TSE:8337) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-2, Saiwaicho 2-chrome, Mihama-ku, Chiba, JPN, 261-0001

Website

http://www.chibakogyo-bank.co.jp

Chiba Kogyo Bank Ltd operates as a bank. Principally, it is engaged in the provision of various banking services for individuals and corporate customers. The bank offers deposit products, including savings, time deposits, and foreign currency deposits. It provides loans such as practitioner, medical, business, agriculture, and procurement of institutional and other funds. In addition, it renders management support for agribusiness, international business, merger and acquisition, trust agency, national pension fund as well as gives information on free consultation services. The company also administers foreign exchange, internet and mobile banking, and automated teller machines services.

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