Higashinihon Gas (FRA:HIS) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2013)

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What is Higashinihon Gas 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. Higashinihon Gas's long-term debt to total assests ratio for the quarter that ended in Dec. 2013 was 0.09.

Higashinihon Gas's long-term debt to total assets ratio declined from Dec. 2012 (0.12) to Dec. 2013 (0.09). It may suggest that Higashinihon Gas is progressively becoming less dependent on debt to grow their business.

Higashinihon Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Higashinihon Gas'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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Higashinihon Gas LT-Debt-to-Total-Asset Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

LT-Debt-to-Total-Asset

0.18

0.14

0.13

0.11

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.12	0.11	0.10	0.10	0.09

Higashinihon Gas LT-Debt-to-Total-Asset Calculation

Higashinihon Gas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2013 is calculated as

LT Debt to Total Assets (A: Mar. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2013 )	/	Total Assets (A: Mar. 2013 )
	=	10.487	/	96.308
	=	0.11

Higashinihon Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (Q: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2013 )	/	Total Assets (Q: Dec. 2013 )
	=	6.713	/	79.412
	=	0.08

Higashinihon Gas (FRA:HIS) 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.

Higashinihon Gas LT-Debt-to-Total-Asset Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hngas.co.jp

Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

Higashinihon Gas (FRA:HIS) Headlines

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