Relo Group (TSE:8876) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Relo Group 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. Relo Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Relo Group's long-term debt to total assets ratio declined from Mar. 2023 (0.23) to Mar. 2024 (0.22). It may suggest that Relo Group is progressively becoming less dependent on debt to grow their business.

Relo Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Relo Group'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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Relo Group LT-Debt-to-Total-Asset Chart

Relo Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.22

0.33

0.29

0.23

0.22

Relo Group 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															0.23	0.23	0.22	0.22	0.22

Relo Group LT-Debt-to-Total-Asset Calculation

Relo Group'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 )
	=	63566	/	290165
	=	0.22

Relo Group'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 )
	=	63566	/	290165
	=	0.22

Relo Group (TSE:8876) 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.

Relo Group LT-Debt-to-Total-Asset Related Terms

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Relo Group (TSE:8876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Relo Group Inc (TSE:8876) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

4-3-23, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.relo.jp

Relo Group Inc is a Japan-based company engaged in providing corporate fringe benefit management outsourcing service. It provides comprehensive support for fringe benefit programs, ranging from housing to leisure and lifestyle improvement. The company manages over 100,000 housing unit's companies rent and provides to their employees, and offers 200,000 kinds of benefits to help employees have fun and improve their well-being. It also operates a rental real estate management business all across Japan. The company operates as an agent that helps to run hotels and attract guests. In addition to hotels, it also provides an insurance consulting business.

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