GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashley Services Group Ltd (ASX:ASH) » Definitions » LT-Debt-to-Total-Asset

Ashley Services Group (ASX:ASH) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Ashley Services Group 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. Ashley Services Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Ashley Services Group's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Jun. 2024 (0.07). It may suggest that Ashley Services Group is progressively becoming more dependent on debt to grow their business.


Ashley Services Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashley Services Group'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.

Ashley Services Group LT-Debt-to-Total-Asset Chart

Ashley Services Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.02 0.03 0.02 0.07

Ashley Services Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.02 0.06 0.07

Ashley Services Group LT-Debt-to-Total-Asset Calculation

Ashley Services Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )/Total Assets (A: Jun. 2024 )
=6.492/90.123
=0.07

Ashley Services Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=6.492/90.123
=0.07

* 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.


Ashley Services Group  (ASX:ASH) 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.


Ashley Services Group LT-Debt-to-Total-Asset Related Terms

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


Ashley Services Group Business Description

Traded in Other Exchanges
N/A
Address
92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000
Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.