Skymark Airlines (TSE:9204) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Skymark Airlines 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. Skymark Airlines's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Skymark Airlines's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.09). It may suggest that Skymark Airlines is progressively becoming more dependent on debt to grow their business.

Skymark Airlines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Skymark Airlines'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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Skymark Airlines LT-Debt-to-Total-Asset Chart

Skymark Airlines Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.01

0.04

0.02

0.09

Skymark Airlines Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.09	0.09	0.09

Skymark Airlines LT-Debt-to-Total-Asset Calculation

Skymark Airlines'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 )
	=	9700	/	110790
	=	0.09

Skymark Airlines'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 )
	=	9625	/	105925
	=	0.09

Skymark Airlines (TSE:9204) 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.

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Skymark Airlines (TSE:9204) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Skymark Airlines Inc (TSE:9204) » Definitions » LT-Debt-to-Total-Asset

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Address

1-5-5 Haneda Airport, Ota-ku, Tokyo,, JPN, 144-00414

Website

http://www.skymark.jp

Skymark Airlines Inc is engaged in regular air transportation service business.

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