Yamaguchi Financial Group (TSE:8418) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Yamaguchi Financial Group 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. Yamaguchi Financial Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Yamaguchi Financial Group's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.09). It may suggest that Yamaguchi Financial Group is progressively becoming more dependent on debt to grow their business.

Yamaguchi Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yamaguchi Financial Group'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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Yamaguchi Financial Group LT-Debt-to-Total-Asset Chart

Yamaguchi Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.07

0.06

0.09

Yamaguchi Financial Group 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															0.08	0.09	0.09	-	0.09

Yamaguchi Financial Group LT-Debt-to-Total-Asset Calculation

Yamaguchi Financial Group'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 )
	=	1096389	/	12548539
	=	0.09

Yamaguchi Financial Group'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 )
	=	1134111	/	12826825
	=	0.09

Yamaguchi Financial Group (TSE:8418) 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.

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Yamaguchi Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Yamaguchi Financial Group Inc (TSE:8418) » Definitions » LT-Debt-to-Total-Asset

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Address

4-2-36 Takezakicho, Yamaguchi Prefecture, Shimonoseki, JPN, 750-8603

Website

https://www.ymfg.co.jp

Yamaguchi Financial Group Inc is a Japan-based holding company that is principally engaged in providing financial products and services, such as deposits, loans, leasing, foreign exchange transactions, securities business, credit card business, and others. The company operates through a number of subsidiaries, such as Yamaguchi Bank, Momiji Bank, Kitakyushu Bank, and YM Securities. The company's business operations are concentrated within a branch network in Japan, and the firm generates the majority of its income from the domestic market. The company also has a business presence in overseas markets, such as mainland China and Hong Kong.

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