Kandenko Co (TSE:1942) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Kandenko 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. Kandenko Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Kandenko Co's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Kandenko Co is progressively becoming less dependent on debt to grow their business.

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

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

Kandenko Co Annual Data

Trend

Mar15

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Mar17

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Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

Kandenko 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															0.02	0.01	0.01	0.01	0.02

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

Kandenko 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 )
	=	9387	/	567275
	=	0.02

Kandenko 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 )
	=	5053	/	520600
	=	0.01

Kandenko Co (TSE:1942) 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.

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

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Kandenko Co (TSE:1942) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kandenko Co Ltd (TSE:1942) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

5EY:Germany

Address

4-8-33, Shibaura, Minato-ku, Tokyo, JPN, 108-8533

Website

http://www.kandenko.co.jp

Kandenko Co Ltd is a Japanese infrastructure and engineering company. The company organises itself into two segments: engineering and other. The engineering segment, which contributes nearly all the company's revenue, conducts electric engineering work for building construction and renovation, installs and maintains telecommunication systems, constructs and maintains power distribution lines and facilities, inspects and maintains nuclear power plants, and conducts civil engineering work. The company derives the vast majority of revenue domestically.

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