Takihyo Co (TSE:9982) LT-Debt-to-Total-Asset : 0.06 (As of Aug. 2024)

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What is Takihyo 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. Takihyo Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.06.

Takihyo Co's long-term debt to total assets ratio declined from Aug. 2023 (0.07) to Aug. 2024 (0.06). It may suggest that Takihyo Co is progressively becoming less dependent on debt to grow their business.

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

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

Takihyo Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.03

0.07

0.03

0.06

0.07

Takihyo Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.06	0.06

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

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

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	3151	/	48555
	=	0.06

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	2500	/	45019
	=	0.06

Takihyo Co (TSE:9982) 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.

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

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Takihyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Takihyo Co Ltd (TSE:9982) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1 Ushijima-cho, 23, 24 Floor Nagoya Lucent Tower, Nishi-ku, Aichi, Nagoya, JPN, 451-8688

Website

http://www.takihyo.co.jp

Takihyo Co Ltd is engaged in apparel, textile, retail, lifestyle-related and real estate businesses. It has three reportable segments namely Apparel and Textiles, Rental Business, and Others. The company generates maximum revenue from the Apparel and Textiles segment. Its Apparel and Textiles segment is engaged in planning, manufacturing and selling of ladies apparel, baby and kids apparel, homewear, and textiles. The Rental Business segment is engaged in leasing and management of the real estate, and leasing of office automation equipment and others.

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