Tobu Railway Co (TSE:9001) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Tobu Railway 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. Tobu Railway Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Tobu Railway Co's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Dec. 2023 (0.35). It may suggest that Tobu Railway Co is progressively becoming less dependent on debt to grow their business.

Tobu Railway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tobu Railway 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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Tobu Railway Co LT-Debt-to-Total-Asset Chart

Tobu Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.39

0.41

0.40

0.38

0.37

Tobu Railway Co 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															0.38	0.38	0.36	0.35	0.37

Tobu Railway Co LT-Debt-to-Total-Asset Calculation

Tobu Railway Co'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 )
	=	622191	/	1704063
	=	0.37

Tobu Railway Co'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 )
	=	609611	/	1723847
	=	0.35

Tobu Railway Co (TSE:9001) 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.

Tobu Railway Co LT-Debt-to-Total-Asset Related Terms

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Tobu Railway Co (TSE:9001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tobu Railway Co Ltd (TSE:9001) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1-2 1-2 Oshiage, Sumida-ku, Tokyo, JPN, 131-8522

Website

http://www.tobu.co.jp

Tobu Railway is a transportation and industrial company domiciled in Japan. The company organises itself into five segments: transportation, leisure, real estate, retail distribution, and others. Transportation, which contributes the most significant portion of revenue, operates passenger transportation services through rail, bus, and taxi, and freight and delivery services. Retail distribution, the next most significant segment, operates department stores and a chain of supermarkets. The leisure segment operates hotels, theme parks, golf courses, and related leisure businesses. The real estate segment leases real estate and operates bicycle and parking lot businesses.

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