Inforich (TSE:9338) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is Inforich 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. Inforich's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

Inforich's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.08). It may suggest that Inforich is progressively becoming less dependent on debt to grow their business.

Inforich LT-Debt-to-Total-Asset Historical Data

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

Inforich Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.10

0.13

0.09

Inforich Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.11	0.10	0.09	0.09	0.08

Inforich LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	772.627	/	8753.463
	=	0.09

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	908.148	/	11214.88
	=	0.08

Inforich (TSE:9338) 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.

Inforich LT-Debt-to-Total-Asset Related Terms

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Inforich Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Inforich Inc (TSE:9338) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-6A 6-31-15 Jinguumae, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.inforich.net

Inforich Inc is engaged in the operation of ChargeSPOT, a mobile battery sharing service sales and operation of signage advertising associated with ChargeSPOT.

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