Osaka Gas Co (TSE:9532) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is Osaka Gas 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. Osaka Gas Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Osaka Gas Co's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (0.27). It may suggest that Osaka Gas Co is progressively becoming more dependent on debt to grow their business.

Osaka Gas Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Osaka Gas 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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Osaka Gas Co LT-Debt-to-Total-Asset Chart

Osaka Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.25

0.31

0.30

0.28

0.29

Osaka Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.29	0.30	0.29	0.27

Osaka Gas Co LT-Debt-to-Total-Asset Calculation

Osaka Gas Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	811534	/	2819589
	=	0.29

Osaka Gas Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	839441	/	3088426
	=	0.27

Osaka Gas Co (TSE:9532) 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.

Osaka Gas Co LT-Debt-to-Total-Asset Related Terms

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Osaka Gas Co (TSE:9532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Osaka Gas Co Ltd (TSE:9532) » Definitions » LT-Debt-to-Total-Asset

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OSA:Germany

Address

4-1-2, Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.osakagas.co.jp

Osaka Gas Co Ltd is a Japanese utility company involved in the production and supply of natural gas and electricity. Osaka Gas segments its operations into: Gas; LPG, Electricity, and Other Energy; International Energy; and Life and Business Solutions units. The company's total revenue generation is mainly split between its Gas and LPG, Electricity, and Other Energy divisions. The Gas business produces, supplies, and markets city gas to mostly industrial and residential customers in the Kansai region of Japan. Osaka Gas' LPG, Electricity, and Other Energy business generates and sells electricity and liquefied petroleum gas to consumers both inside and outside Japan. To do this, the company operates an international portfolio of natural gas-fired thermal, solar, and wind power plants.

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