Tripleize Co (TSE:5026) LT-Debt-to-Total-Asset : 0.30 (As of Feb. 2024)

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What is Tripleize 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. Tripleize Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.30.

Tripleize Co's long-term debt to total assets ratio increased from Feb. 2023 (0.10) to Feb. 2024 (0.30). It may suggest that Tripleize Co is progressively becoming more dependent on debt to grow their business.

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

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

Tripleize Co Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

0.15

0.13

0.08

0.49

Tripleize Co Quarterly Data
	Aug20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.10	0.08	0.49	0.30	0.30

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

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

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	1123.771	/	2302.647
	=	0.49

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	1208.178	/	4070.182
	=	0.30

Tripleize Co (TSE:5026) 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.

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Tripleize Co (TSE:5026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tripleize Co Ltd (TSE:5026) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-4 Kanda Surugadai, Ryumeikan Main Store Building 12th floor, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.3-ize.jp

Tripleize Co Ltd is an information technology company. The company offers System Development, Cloud Service, Infrastructure Construction, and Acquiring services.

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