Hankyu Hanshin Holdings (TSE:9042) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Hankyu Hanshin Holdings 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. Hankyu Hanshin Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Hankyu Hanshin Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.32) to Dec. 2023 (0.29). It may suggest that Hankyu Hanshin Holdings is progressively becoming less dependent on debt to grow their business.

Hankyu Hanshin Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hankyu Hanshin Holdings'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.

* Premium members only.

Hankyu Hanshin Holdings LT-Debt-to-Total-Asset Chart

Hankyu Hanshin Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.29

0.33

0.31

0.32

Hankyu Hanshin Holdings 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															0.31	0.31	0.30	0.29	0.32

Hankyu Hanshin Holdings LT-Debt-to-Total-Asset Calculation

Hankyu Hanshin Holdings'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 )
	=	965175	/	3052930
	=	0.32

Hankyu Hanshin Holdings'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 )
	=	879325	/	2987987
	=	0.29

Hankyu Hanshin Holdings (TSE:9042) 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.

Hankyu Hanshin Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hankyu Hanshin Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hankyu Hanshin Holdings (TSE:9042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hankyu Hanshin Holdings Inc (TSE:9042) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-16-1, Shibata Kita-ku, Osaka, JPN, 530-0012

Website

http://holdings.hankyu-hanshin.co.jp

Hankyu Hanshin Holdings Inc conducts business in real estate, urban transportation, real estate, entertainment and communications, travel, international transportation, and hotels. Urban transportation is the leading revenue generator for Hankyu, and consists of Hankyu Corporation and Hanshin Electric Railway. Through these businesses, the company provides transportation services through a network that includes railways, buses, and taxis. The real estate business also brings in a significant portion of revenue and almost moves in lock step with the public transportation segment. Through this business, the company develops commercial facilities, residential properties, office buildings, and offers leasing and management administration.

Hankyu Hanshin Holdings (TSE:9042) Headlines

No Headlines