Bally Total Fitness Holding (Bally Total Fitness Holding) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2007)

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What is Bally Total Fitness Holding 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. Bally Total Fitness Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2007 was 0.03.

Bally Total Fitness Holding's long-term debt to total assets ratio declined from Jun. 2006 (1.26) to Jun. 2007 (0.03). It may suggest that Bally Total Fitness Holding is progressively becoming less dependent on debt to grow their business.

Bally Total Fitness Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bally Total Fitness Holding'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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Bally Total Fitness Holding LT-Debt-to-Total-Asset Chart

Bally Total Fitness Holding Annual Data

Trend

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

LT-Debt-to-Total-Asset

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1.10

1.28

1.47

1.53

0.62

Bally Total Fitness Holding Quarterly Data
	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.26	1.72	0.62	0.03	0.03

Bally Total Fitness Holding LT-Debt-to-Total-Asset Calculation

Bally Total Fitness Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2006 is calculated as

LT Debt to Total Assets (A: Dec. 2006 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2006 )	/	Total Assets (A: Dec. 2006 )
	=	247.434	/	396.771
	=	0.62

Bally Total Fitness Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2007 is calculated as

LT Debt to Total Assets (Q: Jun. 2007 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2007 )	/	Total Assets (Q: Jun. 2007 )
	=	10.498	/	411.379
	=	0.03

Bally Total Fitness Holding (GREY:BLLYW) 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.

Bally Total Fitness Holding LT-Debt-to-Total-Asset Related Terms

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Bally Total Fitness Holding (Bally Total Fitness Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bally Total Fitness Holding Corp (GREY:BLLYW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8700 West Bryn Mawr Avenue, Chicago, IL, USA, 60631

Website

http://www.ballyfitness.com

Bally Total Fitness Holding is the largest commercial operator of fitness centers in the United States in terms of revenue, number of members, and square footage of facilities. The company operates more than 400 fitness centers with approximately 4 million members. Its fitness centers are generally 30,000 square feet in size and include such amenities as a workout area, sauna and steam facilities, a lap pool, free-weight rooms, aerobic-exercise rooms, an indoor jogging track, and racquetball courts.

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