Kamigumi Co (TSE:9364) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Kamigumi 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. Kamigumi Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Kamigumi Co's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.04). It may suggest that Kamigumi Co is progressively becoming more dependent on debt to grow their business.

Kamigumi Co LT-Debt-to-Total-Asset Historical Data

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

Kamigumi Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.06

Kamigumi 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															0.04	0.04	0.04	0.04	0.06

Kamigumi Co LT-Debt-to-Total-Asset Calculation

Kamigumi 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 )
	=	30000	/	483921
	=	0.06

Kamigumi 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 )
	=	20000	/	459015
	=	0.04

Kamigumi Co (TSE:9364) 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.

Kamigumi Co LT-Debt-to-Total-Asset Related Terms

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Kamigumi Co (TSE:9364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kamigumi Co Ltd (TSE:9364) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4-1-11, Hamabe-dori, Chuo-ku, Hyogo, Kobe, JPN, 651-0083

Website

http://www.kamigumi.co.jp

Kamigumi is a logistics company domiciled in Japan. The company operates harbour transportation services, warehousing facilities, and automobile transportation; handles cargo; and provides air, sea, rail, and road freight services. The company organises operations into three segments: domestic distribution, international distribution, and others. The company derives the vast majority of revenue from its domestic distribution business. The others segment leases real estate and manufactures and sells alcoholic beverages.

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