FB Care Service Co (TSE:9220) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is FB Care Service 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. FB Care Service Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

FB Care Service Co's long-term debt to total assets ratio declined from Jun. 2023 (0.29) to Sep. 2024 (0.23). It may suggest that FB Care Service Co is progressively becoming less dependent on debt to grow their business.

FB Care Service Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for FB Care Service 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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FB Care Service Co LT-Debt-to-Total-Asset Chart

FB Care Service Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.55

0.45

0.38

0.30

0.25

FB Care Service Co Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.29	0.27	0.27	0.25	0.23

FB Care Service Co LT-Debt-to-Total-Asset Calculation

FB Care Service 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 )
	=	2343.579	/	9499.981
	=	0.25

FB Care Service 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 )
	=	2091.566	/	9233.326
	=

FB Care Service Co (TSE:9220) 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.

FB Care Service Co LT-Debt-to-Total-Asset Related Terms

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FB Care Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » FB Care Service Co Ltd (TSE:9220) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

159-2 Nagatoro, Saku, Nagano, JPN, 385-0021

Website

https://www.fb-kaigo.co.jp

FB Care Service Co Ltd is engaged in providing nursing care service for elderly homes, day services, and related nursing care products.

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