/term/ltd2asset/TSE:8772 ASAX Co (TSE:8772) LT-Debt-to-Total-Asset
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ASAX Co (TSE:8772) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)


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What is ASAX 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. ASAX Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

ASAX Co's long-term debt to total assets ratio increased from Dec. 2022 (0.38) to Dec. 2023 (0.40). It may suggest that ASAX Co is progressively becoming more dependent on debt to grow their business.


ASAX Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for ASAX 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.

* Premium members only.

ASAX Co LT-Debt-to-Total-Asset Chart

ASAX Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.30 0.31 0.33 0.40

ASAX 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.40 0.41 0.40 0.40

ASAX Co LT-Debt-to-Total-Asset Calculation

ASAX 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 )
=40664.192/101192.706
=0.40

ASAX 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 )
=41582.075/105388.492
=0.39

* 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.


ASAX Co  (TSE:8772) 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.


ASAX Co LT-Debt-to-Total-Asset Related Terms

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ASAX Co (TSE:8772) Business Description

Traded in Other Exchanges
N/A
Address
1-3-14 Hiroo, Shibuya-ku, JPN
ASAX Co Ltd is a Japan-based comp any engages in the provision of real estate secured loans. It provides various types of secured/unsecured loan such as business, consumer and mortgage.

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