Mitsubishi Logistics (TSE:9301) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Mitsubishi Logistics 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. Mitsubishi Logistics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Mitsubishi Logistics's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.12). It may suggest that Mitsubishi Logistics is progressively becoming more dependent on debt to grow their business.

Mitsubishi Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mitsubishi Logistics'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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Mitsubishi Logistics LT-Debt-to-Total-Asset Chart

Mitsubishi Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.14

0.12

0.10

0.11

0.12

Mitsubishi Logistics 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															0.11	0.10	0.10	0.08	0.12

Mitsubishi Logistics LT-Debt-to-Total-Asset Calculation

Mitsubishi Logistics'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 )
	=	79414	/	679143
	=	0.12

Mitsubishi Logistics'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 )
	=	79414	/	679143
	=	0.12

Mitsubishi Logistics (TSE:9301) 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.

Mitsubishi Logistics LT-Debt-to-Total-Asset Related Terms

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Mitsubishi Logistics (TSE:9301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsubishi Logistics Corp (TSE:9301) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MIB:Germany

Address

19-1, Nihonbashi, Nihonbashi Dia Building, 1-chome Chuo-ku, Tokyo, JPN, 103-8630

Website

http://www.mitsubishi-logistics.co.jp

Mitsubishi Logistics Corp is a logistics and real estate investment company, domiciled in Japan. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and lease office buildings and other commercial real estates. Mitsubishi Logistics derives the vast majority of revenue domestically.

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