Japan Best Rescue System Co (TSE:2453) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Japan Best Rescue System 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. Japan Best Rescue System Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Japan Best Rescue System Co's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.03). It may suggest that Japan Best Rescue System Co is progressively becoming less dependent on debt to grow their business.

Japan Best Rescue System Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Japan Best Rescue System 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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Japan Best Rescue System Co LT-Debt-to-Total-Asset Chart

Japan Best Rescue System Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.06

0.11

0.07

0.05

Japan Best Rescue System 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															0.06	0.06	0.06	0.05	0.03

Japan Best Rescue System Co LT-Debt-to-Total-Asset Calculation

Japan Best Rescue System Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1469.718	/	28121.655
	=	0.05

Japan Best Rescue System 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 )
	=	711.479	/	27726.37
	=	0.03

Japan Best Rescue System Co (TSE:2453) 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.

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Japan Best Rescue System Co (TSE:2453) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Japan Best Rescue System Co Ltd (TSE:2453) » Definitions » LT-Debt-to-Total-Asset

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Address

1-10-20 Nishiki, Urban Net Fushimi Bldg. 5F, Nagoya, JPN

Website

http://www.jbr.co.jp

Japan Best Rescue System Co Ltd is a Japan based company engages in the provision of daily life rescue services. It offers lifestyle ambulance services; services to various problems, such as glass, water surrounding, key, personal computer troubleshooting service. It also offers call center services; and membership services, as well as real estate support services.

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