Sanyo Electric Railway Co (TSE:9052) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Sanyo Electric Railway 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. Sanyo Electric Railway Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Sanyo Electric Railway Co's long-term debt to total assets ratio declined from Jun. 2023 (0.29) to Sep. 2024 (0.27). It may suggest that Sanyo Electric Railway Co is progressively becoming less dependent on debt to grow their business.

Sanyo Electric Railway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sanyo Electric Railway 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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Sanyo Electric Railway Co LT-Debt-to-Total-Asset Chart

Sanyo Electric Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.30

0.31

0.30

0.29

Sanyo Electric Railway Co 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															0.29	0.28	0.31	0.29	0.27

Sanyo Electric Railway Co LT-Debt-to-Total-Asset Calculation

Sanyo Electric Railway Co'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 )
	=	33536	/	114533
	=	0.29

Sanyo Electric Railway Co'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 )
	=	30969	/	113415
	=

Sanyo Electric Railway Co (TSE:9052) 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.

Sanyo Electric Railway Co LT-Debt-to-Total-Asset Related Terms

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Sanyo Electric Railway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sanyo Electric Railway Co Ltd (TSE:9052) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3-1-1, Oyashiki-dori, Nagata-ku, Kobe, JPN, 653-0843

Website

http://www.sanyo-railway.co.jp

Sanyo Electric Railway Co Ltd is a Japanese company. It is engaged in railway business which connects from Himeji to Kobe and also to Hanshin Electric Railway through mutual direct driving, and it connects to Osaka Umeda without transfer. The company focuses on constructing a transportation network in the southern area of Hyogo Prefecture. It is also involved in real estate business, where it is promoting the development of residential and commercial facilities with the aim of revitalizing the community, as well as effective utilization of the land. In addition, the company operates Suma Urashiro Ueno Park located in Suma Ward, Kobe City.

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