Saikaya Department Store Co (TSE:8254) LT-Debt-to-Total-Asset : 0.72 (As of Feb. 2024)

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What is Saikaya Department Store 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. Saikaya Department Store Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.72.

Saikaya Department Store Co's long-term debt to total assets ratio increased from Feb. 2023 (0.70) to Feb. 2024 (0.72). It may suggest that Saikaya Department Store Co is progressively becoming more dependent on debt to grow their business.

Saikaya Department Store Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saikaya Department Store 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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Saikaya Department Store Co LT-Debt-to-Total-Asset Chart

Saikaya Department Store Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Aug23

LT-Debt-to-Total-Asset

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0.40

0.44

0.45

0.71

Saikaya Department Store Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.70	0.72	0.71	0.72	0.72

Saikaya Department Store Co LT-Debt-to-Total-Asset Calculation

Saikaya Department Store 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 )
	=	8659.106	/	12153.094
	=	0.71

Saikaya Department Store 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 )
	=	8657.225	/	12087.025
	=	0.72

Saikaya Department Store Co (TSE:8254) 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.

Saikaya Department Store Co LT-Debt-to-Total-Asset Related Terms

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Saikaya Department Store Co (TSE:8254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saikaya Department Store Co Ltd (TSE:8254) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Nisshin-cho, Kawasaki Ward, Kanagawa, JPN, 210-0023

Website

https://www.saikaya.co.jp

Saikaya Department Store Co Ltd formerly, Saikaya Co Ltd operates in the department stores industry. The company is engaged in the operation of department store chains in Kanagawa prefecture. It also operates a supermarket chain and real estate business.

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