Kyokuto Securities Co (TSE:8706) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Kyokuto Securities Co 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. Kyokuto Securities Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Kyokuto Securities Co's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.14). It may suggest that Kyokuto Securities Co is progressively becoming more dependent on debt to grow their business.

Kyokuto Securities Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kyokuto Securities Co'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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Kyokuto Securities Co LT-Debt-to-Total-Asset Chart

Kyokuto Securities Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.15

0.14

0.16

Kyokuto Securities Co 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															0.14	0.16	0.14	0.15	0.14

Kyokuto Securities Co LT-Debt-to-Total-Asset Calculation

Kyokuto Securities Co'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 )
	=	11600	/	70902
	=	0.16

Kyokuto Securities Co'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 )
	=	10580	/	77494
	=	0.14

Kyokuto Securities Co (TSE:8706) 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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Kyokuto Securities Co (TSE:8706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kyokuto Securities Co Ltd (TSE:8706) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Kayabacho 1-4-7 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0025

Website

http://www.kyokuto-sec.co.jp

Kyokuto Securities Co Ltd is a financial services company whose activities include dealing, brokerage, underwriting, and distribution of securities. It operates its investment and financial service business in four segments Financial Products Trading Business, Real Estate Business, Investment Business and Research and Study Business. The company earns the majority of its revenue from mainly from securities business including, among other things, agency or principal trading in securities, underwriting, offering and selling of securities and provision of other securities-related services, through which the company offers a range of financial and other related services.

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