Sanyo Homes (TSE:1420) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Sanyo Homes 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. Sanyo Homes's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Sanyo Homes's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.17). It may suggest that Sanyo Homes is progressively becoming less dependent on debt to grow their business.

Sanyo Homes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sanyo Homes'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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Sanyo Homes LT-Debt-to-Total-Asset Chart

Sanyo Homes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.10

0.13

0.11

0.22

0.23

Sanyo Homes 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	0.23	0.20	0.17	0.17

Sanyo Homes LT-Debt-to-Total-Asset Calculation

Sanyo Homes'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 )
	=	11351	/	49913.828
	=	0.23

Sanyo Homes'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 )
	=	8307	/	50193.997
	=	0.17

Sanyo Homes (TSE:1420) 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.

Sanyo Homes LT-Debt-to-Total-Asset Related Terms

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Sanyo Homes (TSE:1420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sanyo Homes Corp (TSE:1420) » Definitions » LT-Debt-to-Total-Asset

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Address

8F Orix Hommachi Bldg. 4-1, Nishi-Hommachi 1-Chome, Nishi-ku, Osaka City, JPN, 550-0005

Website

http://www.sanyohomes.co.jp

Sanyo Homes Corp operates in the construction sector. The company is engaged in the development and sales of residential properties. The business operates under four segments - housing, asset utilization, condominiums and remodelling.

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