Optimus Group Co (TSE:9268) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Optimus Group 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. Optimus Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Optimus Group Co's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.04). It may suggest that Optimus Group Co is progressively becoming less dependent on debt to grow their business.

Optimus Group Co LT-Debt-to-Total-Asset Historical Data

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

Optimus Group Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.09

0.10

Optimus Group 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															0.10	0.08	0.08	0.04	0.10

Optimus Group Co LT-Debt-to-Total-Asset Calculation

Optimus Group 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 )
	=	13918	/	137578
	=	0.10

Optimus Group 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 )
	=	5702.239	/	129675.259
	=	0.04

Optimus Group Co (TSE:9268) 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.

Optimus Group Co LT-Debt-to-Total-Asset Related Terms

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Optimus Group Co (TSE:9268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Optimus Group Co Ltd (TSE:9268) » Definitions » LT-Debt-to-Total-Asset

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OPTGF:USA

Address

3-14-4 Shiba, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.optimusgroup.co.jp

Optimus Group Co Ltd is a Japan-based company, engages in the automotive dealership business. It operates through the following business divisions: Trading, distribution, financial service, and Inspection. The Trading division is engaged in the purchase and sales of used cars. The Logistics division is engaged in the provision of logistics services. The Services division is engaged in the provision of services to the dealers in New Zealand and general customers. The Inspection divisions are engaged in the inspection business related to the export of used cars.

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