J Frontier Co (TSE:2934) LT-Debt-to-Total-Asset : 0.19 (As of Feb. 2024)

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What is J Frontier 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. J Frontier Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.19.

J Frontier Co's long-term debt to total assets ratio increased from Feb. 2023 (0.16) to Feb. 2024 (0.19). It may suggest that J Frontier Co is progressively becoming more dependent on debt to grow their business.

J Frontier Co LT-Debt-to-Total-Asset Historical Data

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

J Frontier Co Annual Data

Trend

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

0.09

0.04

0.08

0.19

J Frontier Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.16	0.19	0.23	0.21	0.19

J Frontier Co LT-Debt-to-Total-Asset Calculation

J Frontier 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 )
	=	1383.882	/	7240.548
	=	0.19

J Frontier 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 )
	=	1638.239	/	8659.929
	=	0.19

J Frontier Co (TSE:2934) 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.

J Frontier Co LT-Debt-to-Total-Asset Related Terms

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J Frontier Co (TSE:2934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » J Frontier Co Ltd (TSE:2934) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

R0L:Germany

Address

2-9-9 Shibuya, SANWA Aoyama Building, 8th floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.jfrontier.jp

J Frontier Co Ltd is engaged in the healthcare sales business, medical care sales business and healthcare marketing business.

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