Kanagawa Chuo Kotsu Co (TSE:9081) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Kanagawa Chuo Kotsu 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. Kanagawa Chuo Kotsu Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Kanagawa Chuo Kotsu Co's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.19). It may suggest that Kanagawa Chuo Kotsu Co is progressively becoming less dependent on debt to grow their business.

Kanagawa Chuo Kotsu Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kanagawa Chuo Kotsu 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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Kanagawa Chuo Kotsu Co LT-Debt-to-Total-Asset Chart

Kanagawa Chuo Kotsu Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.18

0.17

0.31

0.26

Kanagawa Chuo Kotsu Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.26	0.23	0.23	0.19

Kanagawa Chuo Kotsu Co LT-Debt-to-Total-Asset Calculation

Kanagawa Chuo Kotsu Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	39009	/	150568
	=	0.26

Kanagawa Chuo Kotsu 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 )
	=	29607	/	156040
	=	0.19

Kanagawa Chuo Kotsu Co (TSE:9081) 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.

Kanagawa Chuo Kotsu Co LT-Debt-to-Total-Asset Related Terms

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Kanagawa Chuo Kotsu Co (TSE:9081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kanagawa Chuo Kotsu Co Ltd (TSE:9081) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-18 Yaezaki-cho, Kanagawa, JPN

Website

http://www.kanachu.co.jp

Kanagawa Chuo Kotsu Co Ltd is a Japan-based company engaged in the business of passenger car transportation, real estate, food and entertainment, and hotel. Primarily, it is mainly involved in providing transportation through its bus business. The company renders services such as vehicles for share-ride, rent, and sale, and leasing of real estate properties. In addition, it also offers amusement, hotel facilities, movies and many more.

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