San-in Godo Bank (TSE:8381) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is San-in Godo 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. San-in Godo Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

San-in Godo Bank's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.08). It may suggest that San-in Godo Bank is progressively becoming less dependent on debt to grow their business.

San-in Godo Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for San-in Godo 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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San-in Godo Bank LT-Debt-to-Total-Asset Chart

San-in Godo Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.11

0.12

0.10

0.08

San-in Godo Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.08	-	0.08

San-in Godo Bank LT-Debt-to-Total-Asset Calculation

San-in Godo 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 )
	=	608267	/	7360564
	=	0.08

San-in Godo 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 )
	=	596539	/	7549675
	=	0.08

San-in Godo Bank (TSE:8381) 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.

San-in Godo Bank LT-Debt-to-Total-Asset Related Terms

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San-in Godo Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » San-in Godo Bank Ltd (TSE:8381) » Definitions » LT-Debt-to-Total-Asset

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Address

10 Uomachi, Matsue, Shimane, JPN, 6900062

Website

http://www.gogin.co.jp

San-in Godo Bank Ltd is a Japanese bank group that operates in the San-in region of western Honshu. It also has a presence in the neighboring Sanyo region and the Hyogo prefecture. The group has two reportable service segments: banking and leasing. Banking constitutes a majority of the group's activities and consists of a deposit, loan, securities investment, and exchange business. The group also engages in a credit guarantee business. Loans and bills discounted and securities constitute a majority of the bank's earning assets.

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