Chilled & Frozen Logistics Holdings Co (TSE:9099) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Chilled & Frozen Logistics Holdings 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. Chilled & Frozen Logistics Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Chilled & Frozen Logistics Holdings Co's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.26). It may suggest that Chilled & Frozen Logistics Holdings Co is progressively becoming more dependent on debt to grow their business.

Chilled & Frozen Logistics Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chilled & Frozen Logistics Holdings 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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Chilled & Frozen Logistics Holdings Co LT-Debt-to-Total-Asset Chart

Chilled & Frozen Logistics Holdings Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.17

0.18

0.26

Chilled & Frozen Logistics Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.22	0.22	0.22	0.26

Chilled & Frozen Logistics Holdings Co LT-Debt-to-Total-Asset Calculation

Chilled & Frozen Logistics Holdings 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 )
	=	27600	/	105506
	=	0.26

Chilled & Frozen Logistics Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	27600	/	105506
	=	0.26

Chilled & Frozen Logistics Holdings Co (TSE:9099) 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.

Chilled & Frozen Logistics Holdings Co LT-Debt-to-Total-Asset Related Terms

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Chilled & Frozen Logistics Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chilled & Frozen Logistics Holdings Co Ltd (TSE:9099) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 No. 8 Earl Building Shinjuku, Wakamatsu-cho, Shinjuku-ku, Yubinbango, Tokyo, JPN, 162-0056

Website

http://www.cflogi.co.jp

Chilled & Frozen Logistics Holdings Co Ltd through its subsidiaries is engaged in Freight forwarding and warehouse businesses. The company distributes low-temperature food in Japan.

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