Welcia Holdings Co (TSE:3141) LT-Debt-to-Total-Asset : 0.11 (As of Nov. 2023)

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What is Welcia Holdings 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. Welcia Holdings Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.11.

Welcia Holdings Co's long-term debt to total assets ratio declined from Nov. 2022 (0.12) to Nov. 2023 (0.11). It may suggest that Welcia Holdings Co is progressively becoming less dependent on debt to grow their business.

Welcia Holdings Co LT-Debt-to-Total-Asset Historical Data

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

Welcia Holdings Co Annual Data

Trend

Aug14

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.07

0.08

0.10

0.12

0.11

Welcia Holdings 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															0.12	0.13	0.12	0.11	0.11

Welcia Holdings Co LT-Debt-to-Total-Asset Calculation

Welcia Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	59484	/	551860
	=	0.11

Welcia Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	62578	/	550673
	=	0.11

Welcia Holdings Co (TSE:3141) 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.

Welcia Holdings Co LT-Debt-to-Total-Asset Related Terms

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Welcia Holdings Co (TSE:3141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Welcia Holdings Co Ltd (TSE:3141) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WLCGF:USA

Address

2-2-15 Outside Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.welcia.co.jp

Welcia Holdings Co Ltd operates drug retail stores that sell pharmaceuticals, health and beauty products, baby supplies, health supplements, sanitation items, groceries, and personal-care products. The company generates the bulk of its revenue through sales of over-the-counter drugs and food products. Welcia is involved in pharmaceutical dispensing, blood testing, and earthquake reconstruction assistance. The highest concentration of sales remains in the Kanto region of Japan. Welcia also provides nursing services through its long-term care enterprise.

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