Penta-Ocean Construction Co (TSE:1893) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

View and export this data going back to 1963. Start your Free Trial

What is Penta-Ocean Construction 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. Penta-Ocean Construction Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Penta-Ocean Construction Co's long-term debt to total assets ratio increased from Dec. 2022 (0.09) to Dec. 2023 (0.10). It may suggest that Penta-Ocean Construction Co is progressively becoming more dependent on debt to grow their business.

Penta-Ocean Construction Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Penta-Ocean Construction 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.

Penta-Ocean Construction Co LT-Debt-to-Total-Asset Chart

Penta-Ocean Construction 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

0.06

0.10

0.11

0.08

0.12

Penta-Ocean Construction 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															0.08	0.08	0.09	0.10	0.12

Penta-Ocean Construction Co LT-Debt-to-Total-Asset Calculation

Penta-Ocean Construction 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 )
	=	66611	/	566028
	=	0.12

Penta-Ocean Construction 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 )
	=	58762	/	611185
	=	0.10

Penta-Ocean Construction Co (TSE:1893) 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.

Penta-Ocean Construction Co LT-Debt-to-Total-Asset Related Terms

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

Penta-Ocean Construction Co (TSE:1893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Penta-Ocean Construction Co Ltd (TSE:1893) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1893:Japan

Address

2-2-8 Koraku, Bunkyo-ku, Tokyo, JPN, 112-8576

Website

http://www.penta-ocean.co.jp

Penta-Ocean Construction Co Ltd is mainly engaged in the construction and development business. It operates in various segments namely Civil engineering segment, Building construction segment, and Overseas segment. The company undertakes projects for port and harbor, airport, power station, dam and river work, bridge, road and tunnel, railway, industrial and logistics, recreational, commercial, residential, and educational, as well as medical, health, and welfare facilities. In addition, it is also engaged in shipbuilding, leasing business, insurance business and consulting business. Geographically, business activity of the group can be seen in Japan, Southeast Asia, and internationally of which Japan region account for larger share of revenue.

Penta-Ocean Construction Co (TSE:1893) Headlines

No Headlines