Broad Enterprise Co (TSE:4415) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Broad Enterprise 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. Broad Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Broad Enterprise Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.14). It may suggest that Broad Enterprise Co is progressively becoming more dependent on debt to grow their business.

Broad Enterprise Co LT-Debt-to-Total-Asset Historical Data

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

Broad Enterprise Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.42

0.48

0.22

0.15

Broad Enterprise Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.12	0.18	0.17	0.15	0.14

Broad Enterprise Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1068.407	/	7279.313
	=	0.15

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	935.702	/	6657.235
	=	0.14

Broad Enterprise Co (TSE:4415) 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.

Broad Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Broad Enterprise Co (TSE:4415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Broad Enterprise Co Ltd (TSE:4415) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-15 Taiyuji-cho, 9th floor, Umeda East Building, Kita-ku, Osaka-shi, Osaka, JPN, 530-0051

Website

https://www.broad-e.co.jp

Broad Enterprise Co Ltd is engaged in the sales of high-speed Internet "B-CUBIC" for condominiums and sales of IoT intercom system "Brolock".

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