Hibino (TSE:2469) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Hibino 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. Hibino's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Hibino's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.20). It may suggest that Hibino is progressively becoming more dependent on debt to grow their business.

Hibino LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hibino'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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Hibino LT-Debt-to-Total-Asset Chart

Hibino Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.18

0.20

0.22

0.17

Hibino 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															0.18	0.17	0.17	0.20	0.20

Hibino LT-Debt-to-Total-Asset Calculation

Hibino'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 )
	=	6311.925	/	36864.52
	=	0.17

Hibino'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 )
	=	7617.974	/	38547.82
	=	0.20

Hibino (TSE:2469) 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.

Hibino LT-Debt-to-Total-Asset Related Terms

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Hibino (TSE:2469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hibino Corp (TSE:2469) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.hibino.co.jp

Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

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