The Yamagata Bank (TSE:8344) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is The Yamagata 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. The Yamagata Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

The Yamagata Bank's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that The Yamagata Bank is progressively becoming less dependent on debt to grow their business.

The Yamagata Bank LT-Debt-to-Total-Asset Historical Data

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

The Yamagata Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.08

0.14

0.04

The Yamagata Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

The Yamagata Bank LT-Debt-to-Total-Asset Calculation

The Yamagata 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 )
	=	134471	/	3146366
	=	0.04

The Yamagata 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 )
	=	126340	/	3130157
	=

The Yamagata Bank (TSE:8344) 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.

The Yamagata Bank LT-Debt-to-Total-Asset Related Terms

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The Yamagata Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Yamagata Bank Ltd (TSE:8344) » Definitions » LT-Debt-to-Total-Asset

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Address

1-2, Nanukamachi 3-chome, Yamagata, JPN, 990-8642

Website

http://www.yamagatabank.co.jp

The Yamagata Bank Ltd is a provider of banking products and services, domiciled in Japan. The company generates the vast majority of revenue domestically. The bank operates through three functions: banking segment, leasing industry, and others. The largest of these is the banking segment, which offers products such as deposits and lending, exchange services, investment in securities, credit cards, venture capital services, and credit guarantees. The leasing industry segment is the next largest contributor to revenue and is involved in leasing services as well as business support and data processing.

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