ZENKOKU HOSHO Co (TSE:7164) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is ZENKOKU HOSHO 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. ZENKOKU HOSHO Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

ZENKOKU HOSHO Co's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.07). It may suggest that ZENKOKU HOSHO Co is progressively becoming less dependent on debt to grow their business.

ZENKOKU HOSHO Co LT-Debt-to-Total-Asset Historical Data

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

ZENKOKU HOSHO Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.07

0.06

ZENKOKU HOSHO 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															0.07	0.07	0.07	0.07	0.06

ZENKOKU HOSHO Co LT-Debt-to-Total-Asset Calculation

ZENKOKU HOSHO 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 )
	=	30000	/	466618
	=	0.06

ZENKOKU HOSHO 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 )
	=	30000	/	448169
	=	0.07

ZENKOKU HOSHO Co (TSE:7164) 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.

ZENKOKU HOSHO Co LT-Debt-to-Total-Asset Related Terms

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ZENKOKU HOSHO Co (TSE:7164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ZENKOKU HOSHO Co Ltd (TSE:7164) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZNKKY:USA ZKH:Germany

Address

2-1-1 Otemachi, Chiyoda-ku, Otemachi Nomura Building, 24th Floor, Tokyo, JPN, 100-0004

Website

http://www.zenkoku.co.jp

ZENKOKU HOSHO Co Ltd primarily operates a credit guarantee business. The company's current strategy emphasizes its core housing loan guarantee business by expanding its scale through strategic alliances and streamlining of operations. Its housing loan guarantee products include housing acquisition funds, refinancing funds, and renovation funds, among others. Zenkoku Hosho also provides education loan guarantees products, which deal with term loans and overdrafts. Its apartment loan guarantee products guarantee the borrowings of construction costs for rental housing. The company also is seeking to diversify into other synergistic lines of business through mergers and acquisitions.

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