Gift Holdings (TSE:9279) LT-Debt-to-Total-Asset : 0.12 (As of Apr. 2024)

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What is Gift Holdings 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. Gift Holdings's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.12.

Gift Holdings's long-term debt to total assets ratio declined from Apr. 2023 (0.14) to Apr. 2024 (0.12). It may suggest that Gift Holdings is progressively becoming less dependent on debt to grow their business.

Gift Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gift Holdings'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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Gift Holdings LT-Debt-to-Total-Asset Chart

Gift Holdings Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.06

0.16

0.15

0.12

0.13

Gift Holdings Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.15	0.13	0.12	0.12

Gift Holdings LT-Debt-to-Total-Asset Calculation

Gift Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	1574.908	/	12527.47
	=	0.13

Gift Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	1734.018	/	14086.462
	=	0.12

Gift Holdings (TSE:9279) 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.

Gift Holdings LT-Debt-to-Total-Asset Related Terms

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Gift Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gift Holdings Inc (TSE:9279) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-27-19 Haramachida, Machida Building 1/2Floor, Tokyo, JPN, 194-0013

Website

http://www.gift-group.co.jp

Gift Holdings Inc, formerly Gift Inc manages ramen restaurants. The company has stores located in Japan, Singapore, China, Asia, and North America. It offers support to prosperous noodle shops and ramen shops through consulting, including the provision of food materials, store design, employee training, follow-up after opening.

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