Coca-Cola Amatil (Coca-Cola Amatil) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2020)

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What is Coca-Cola Amatil 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. Coca-Cola Amatil's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.35.

Coca-Cola Amatil's long-term debt to total assets ratio declined from Dec. 2019 (0.35) to Dec. 2020 (0.35). It may suggest that Coca-Cola Amatil is progressively becoming less dependent on debt to grow their business.

Coca-Cola Amatil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coca-Cola Amatil'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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Coca-Cola Amatil LT-Debt-to-Total-Asset Chart

Coca-Cola Amatil Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.30

0.32

0.36

0.35

Coca-Cola Amatil Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.37	0.35	0.40	0.35

Coca-Cola Amatil LT-Debt-to-Total-Asset Calculation

Coca-Cola Amatil's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1596.16	/	4611.596
	=	0.35

Coca-Cola Amatil's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	1596.16	/	4611.596
	=	0.35

Coca-Cola Amatil (GREY:CCLAY) 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.

Coca-Cola Amatil LT-Debt-to-Total-Asset Related Terms

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Coca-Cola Amatil (Coca-Cola Amatil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Amatil Ltd (GREY:CCLAY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 13, 40 Mount Street, Coca-Cola Place, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ccamatil.com

Coca-Cola Amatil manufactures and distributes carbonated soft drinks, water, sports and energy drinks, fruit juice, flavoured milk, coffee, and packaged ready-to-eat fruit and vegetable products. It is the principal Coca-Cola licensee in Australia, and independently manufactures its own soft drinks and mineral waters. The company sells and distributes the premium spirits portfolio of Beam Global Spirits and Wines and the beer portfolio of Molson Coors. It also operates in New Zealand, Fiji, Indonesia, and Papua New Guinea.