Zenrin Co (TSE:9474) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Zenrin 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. Zenrin Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Zenrin Co's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Zenrin Co is progressively becoming more dependent on debt to grow their business.

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

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

Zenrin Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.14

0.13

0.01

0.03

Zenrin 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															-	0.03	0.02	0.02	0.02

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

Zenrin 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 )
	=	1972	/	70130
	=	0.03

Zenrin 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 )
	=	1270	/	71201
	=	0.02

Zenrin Co (TSE:9474) 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.

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

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Zenrin Co (TSE:9474) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zenrin Co Ltd (TSE:9474) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3-1 Nakahara Shinmachi, Tobata-ku, Fukuoka Prefecture, Kitakyushu, JPN, 804-0003

Website

http://www.zenrin.co.jp

Zenrin Co Ltd is a Japan based company engaged in collection and management of a broad range of information, which forms the basis of Zenrin Integrated Geospatial System, and the production of maps, including residential maps, map databases, and other content. It develops software and services related to Zenrin Integrated Geospatial System. In addition to maps, it possesses a strong market share in map software, in-car navigation software and related IT services. The company operates in U.S., Europe, India, and Taiwan, further extending the already expansive cartographic database.

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