Kanamoto Co (TSE:9678) LT-Debt-to-Total-Asset : 0.13 (As of Jul. 2024)

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What is Kanamoto 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. Kanamoto Co's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.13.

Kanamoto Co's long-term debt to total assets ratio increased from Jul. 2023 (0.13) to Jul. 2024 (0.13). It may suggest that Kanamoto Co is progressively becoming more dependent on debt to grow their business.

Kanamoto Co LT-Debt-to-Total-Asset Historical Data

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

Kanamoto Co Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

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0.11

0.12

0.13

0.11

Kanamoto Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.13	0.13	0.11

Kanamoto Co LT-Debt-to-Total-Asset Calculation

Kanamoto Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	36110	/	322853
	=	0.11

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	42225	/	323266
	=	0.13

Kanamoto Co (TSE:9678) 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.

Kanamoto Co LT-Debt-to-Total-Asset Related Terms

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Kanamoto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

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