Awa Bank (TSE:8388) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Awa Bank 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. Awa Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Awa Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.06). It may suggest that Awa Bank is progressively becoming more dependent on debt to grow their business.

Awa Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Awa Bank'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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Awa Bank LT-Debt-to-Total-Asset Chart

Awa Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.06

0.07

0.03

0.04

Awa Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.04	0.04	0.06	0.04

Awa Bank LT-Debt-to-Total-Asset Calculation

Awa Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	163519	/	3922560
	=	0.04

Awa Bank'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 )
	=	214310	/	3928874
	=	0.05

Awa Bank (TSE:8388) 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.

Awa Bank LT-Debt-to-Total-Asset Related Terms

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Awa Bank (TSE:8388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Awa Bank Ltd (TSE:8388) » Definitions » LT-Debt-to-Total-Asset

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Address

2-24-1 Nishisemba-cho, Tokushima-shi, Tokushima, JPN, 770-8601

Website

http://www.awabank.co.jp

Awa BankLtd. is a Japan-based company that is principally engaged in commercial banking and leasing services. The commercial banking business offers services including deposit services, lending services, securities investment services, and exchange services. It also refers customers to the services provided by the company's subsidiaries, including business support services, management consulting services, credit card services, and credit guarantee services. The leasing business provides leasing services by Awagin Leasing Company Limited, a subsidiary of the company. The company generates the majority of revenue from the commercial banking business.

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