AEON Financial Service Co (TSE:8570) LT-Debt-to-Total-Asset : 0.19 (As of Nov. 2023)

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What is AEON Financial Service 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. AEON Financial Service Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.19.

AEON Financial Service Co's long-term debt to total assets ratio increased from Nov. 2022 (0.18) to Nov. 2023 (0.19). It may suggest that AEON Financial Service Co is progressively becoming more dependent on debt to grow their business.

AEON Financial Service Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for AEON Financial Service 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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AEON Financial Service Co LT-Debt-to-Total-Asset Chart

AEON Financial Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.16

0.18

0.16

0.17

0.18

AEON Financial Service Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															0.18	0.18	0.18	0.19	0.19

AEON Financial Service Co LT-Debt-to-Total-Asset Calculation

AEON Financial Service Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	1182093	/	6659468
	=	0.18

AEON Financial Service Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	1336987	/	6960621
	=	0.19

AEON Financial Service Co (TSE:8570) 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.

AEON Financial Service Co LT-Debt-to-Total-Asset Related Terms

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AEON Financial Service Co (TSE:8570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Financial Service Co Ltd (TSE:8570) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

AEOJF:USA

Address

Kandanishiki-cho, Chiyoda-ku, Terrace Square, 3-22, Tokyo, JPN

Website

http://www.aeonfinancial.co.jp

AEON Financial Service Co Ltd is a comprehensive financial group consisting of a bank holding company and its subsidiaries, which grew out of Aeon Group's retail operations. It currently operates a network of hundreds of sale bases throughout Asia, particularly in Japan, China, Thailand, and Malaysia. The bank provides various financial services, payment services, housing loans, deposits, installment sales, and overseas services to customers through points of sale closely linked to community lifestyles. These include shopping centers and retail malls, convenience stores, and specialty stores, among others. Net fee and commission income is the company's largest source of net revenue.

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