Hitachi Transport System (TSE:9086) LT-Debt-to-Total-Asset : 0.46 (As of Dec. 2022)

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What is Hitachi Transport System 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. Hitachi Transport System's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.46.

Hitachi Transport System's long-term debt to total assets ratio declined from Dec. 2021 (0.48) to Dec. 2022 (0.46). It may suggest that Hitachi Transport System is progressively becoming less dependent on debt to grow their business.

Hitachi Transport System LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hitachi Transport System'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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Hitachi Transport System LT-Debt-to-Total-Asset Chart

Hitachi Transport System Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

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0.25

0.31

0.47

0.51

0.47

Hitachi Transport System Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.47	0.47	0.46	0.46

Hitachi Transport System LT-Debt-to-Total-Asset Calculation

Hitachi Transport System's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	371729	/	791878
	=	0.47

Hitachi Transport System's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	367618	/	795716
	=	0.46

Hitachi Transport System (TSE:9086) 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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Hitachi Transport System (TSE:9086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hitachi Transport System Ltd (TSE:9086) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

No. 2 Hitachi Transport System building, Kyobashi 2-chome No. 9, Chuo-ku, Tokyo, JPN, 104-8350

Website

http://www.hitachi-hb.co.jp

Hitachi Transport System Ltd is a transportation and logistics company domiciled in Japan. The company organises itself into three segments: domestic logistics, global logistics, and other. Domestic logistics, which generates the majority of revenue, transports and delivers goods, and provides general logistics services in Japan. Global logistics transports goods by land, sea, and air, and provides logistics services internationally. The other segment includes logistics consulting and information technology services. The company derives the majority of revenue domestically.

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