Joyfull Co (FSE:9942) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Joyfull 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. Joyfull Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Joyfull Co's long-term debt to total assets ratio declined from Mar. 2023 (0.27) to Mar. 2024 (0.19). It may suggest that Joyfull Co is progressively becoming less dependent on debt to grow their business.

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

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

Joyfull Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.33

0.35

0.43

0.35

0.27

Joyfull 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															0.27	0.27	0.23	0.22	0.19

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

Joyfull Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	7977	/	29107
	=	0.27

Joyfull Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5735	/	30157
	=	0.19

Joyfull Co (FSE:9942) 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.

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

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Joyfull Co (FSE:9942) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Joyfull Co Ltd (FSE:9942) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-45 Mikawa Shinmachi 1-Chome, Oita, JPN, 870-0141

Website

http://www.joyfull.co.jp

Joyfull Co Ltd is a Japanese based chain restaurant operator. It is engaged in offering a western-style menu. It offers a lunch menu, grilled lunch, morning menu, the seasonal menu including chicken, beef, pork, meat, snacks, combo meals, alcohol, dessert, cappuccino, black bean tea, among others.

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