Keisei Electric Railway Co (Keisei Electric Railway Co) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Keisei Electric Railway 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. Keisei Electric Railway Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Keisei Electric Railway Co's long-term debt to total assets ratio declined from Dec. 2022 (0.29) to Dec. 2023 (0.28). It may suggest that Keisei Electric Railway Co is progressively becoming less dependent on debt to grow their business.

Keisei Electric Railway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Keisei Electric Railway 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.

* Premium members only.

Keisei Electric Railway Co LT-Debt-to-Total-Asset Chart

Keisei Electric Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.23

0.29

0.30

0.29

0.26

Keisei Electric Railway 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															0.29	0.28	0.29	0.28	0.26

Keisei Electric Railway Co LT-Debt-to-Total-Asset Calculation

Keisei Electric Railway 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 )
	=	1872.224	/	7103.27
	=	0.26

Keisei Electric Railway 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 )
	=	1949.382	/	6973.41
	=	0.28

Keisei Electric Railway Co (OTCPK:KELRF) 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.

Keisei Electric Railway Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Keisei Electric Railway Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Keisei Electric Railway Co (Keisei Electric Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Keisei Electric Railway Co Ltd (OTCPK:KELRF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9009:Japan KEI:Germany

Address

3-1-8 Yahata 3-chome, Ichikawa, Chiba, JPN, 272-8510

Website

http://www.keisei.co.jp

Keisei Electric Railway is a Japanese company that operates railways in Japan. The company's three largest segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels and leisure sites to car maintenance services.

Keisei Electric Railway Co (Keisei Electric Railway Co) Headlines

No Headlines