Casy Co (TSE:9215) LT-Debt-to-Total-Asset : 0.05 (As of Nov. 2024)

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What is Casy 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. Casy Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.05.

Casy Co's long-term debt to total assets ratio declined from Aug. 2023 (0.16) to Nov. 2024 (0.05). It may suggest that Casy Co is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Casy 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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Casy Co LT-Debt-to-Total-Asset Chart

Casy Co Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.27

0.26

0.16

0.14

0.05

Casy Co Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.16	0.14	0.14	0.14	0.05

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

Casy Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	28.5	/	538.68
	=	0.05

Casy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	28.5	/	538.68
	=

Casy Co (TSE:9215) 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.

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

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Casy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Casy Co Ltd (TSE:9215) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-11 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-0021

Website

https://corp.casy.co.jp

Casy Co Ltd is engaged in managing home service platform including housekeeping to create valuable time of life.

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