Sakurajima Futo Kaisha (TSE:9353) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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

Sakurajima Futo Kaisha's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.12). It may suggest that Sakurajima Futo Kaisha is progressively becoming less dependent on debt to grow their business.

Sakurajima Futo Kaisha LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sakurajima Futo Kaisha'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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Sakurajima Futo Kaisha LT-Debt-to-Total-Asset Chart

Sakurajima Futo Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.19

0.18

0.15

0.12

Sakurajima Futo Kaisha 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															0.15	0.13	0.12	0.11	0.12

Sakurajima Futo Kaisha LT-Debt-to-Total-Asset Calculation

Sakurajima Futo Kaisha'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 )
	=	1251.456	/	10076.532
	=	0.12

Sakurajima Futo Kaisha'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 )
	=	1251.456	/	10076.532
	=	0.12

Sakurajima Futo Kaisha (TSE:9353) 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.

Sakurajima Futo Kaisha LT-Debt-to-Total-Asset Related Terms

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Sakurajima Futo Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sakurajima Futo Kaisha Ltd (TSE:9353) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Osaka Konohana-ku, Plum-Cho 1-1-11, Osaka-shi, Osaka, JPN, 554-0032

Website

http://www.sakurajima-futo.co.jp

Sakurajima Futo Kaisha, Ltd is engaged in the port transportation business in Japan. It is involved in handling cargo, such as coal, coke, raw salt, soda ash, alloyed iron, other minerals, etc.; liquid cargo, including petroleum products and petrochemicals; and frozen and refrigerated products comprising frozen food, chilled food, dry goods, etc. The company also provides barge transportation, warehousing, cargo usage transportation, and customs clearing services.

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