Daikokutenbussan Co (TSE:2791) LT-Debt-to-Total-Asset : 0.09 (As of Feb. 2024)

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What is Daikokutenbussan 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. Daikokutenbussan Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.09.

Daikokutenbussan Co's long-term debt to total assets ratio increased from Feb. 2023 (0.07) to Feb. 2024 (0.09). It may suggest that Daikokutenbussan Co is progressively becoming more dependent on debt to grow their business.

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

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

Daikokutenbussan Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.08

0.05

0.02

0.05

0.12

Daikokutenbussan Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.12	0.12	0.10	0.09

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

Daikokutenbussan Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	12040	/	97194
	=	0.12

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	8883	/	96857
	=	0.09

Daikokutenbussan Co (TSE:2791) 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.

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

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Daikokutenbussan Co (TSE:2791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Daikokutenbussan Co Ltd (TSE:2791) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

704-5, Horinan, Okayama, JPN

Website

http://www.e-dkt.co.jp

Daikokutenbussan Co Ltd is primarily engaged in selling retail and wholesale food and other products. The company develops and sells private brand products. Daikokuten Bussan operates in two business segments. The retail segment manufactures and sells fresh foods, processed foods, and bread and confectionery products. It also operates supermarkets, a property leasing business, a trademark management business, recycling operations, and a store cleaning operation. The other segment is the company's wholesale business.

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