The North West Co (FRA:3NW) LT-Debt-to-Total-Asset : 0.29 (As of Apr. 2024)

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What is The North West 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. The North West Co's long-term debt to total assests ratio for the quarter that ended in Apr. 2024 was 0.29.

The North West Co's long-term debt to total assets ratio declined from Apr. 2023 (0.32) to Apr. 2024 (0.29). It may suggest that The North West Co is progressively becoming less dependent on debt to grow their business.

The North West Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The North West 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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The North West Co LT-Debt-to-Total-Asset Chart

The North West Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.44

0.25

0.23

0.29

0.28

The North West Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.31	0.30	0.28	0.29

The North West Co LT-Debt-to-Total-Asset Calculation

The North West Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	263.843	/	954.732
	=	0.28

The North West Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

LT Debt to Total Assets (Q: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2024 )	/	Total Assets (Q: Apr. 2024 )
	=	283.379	/	980.633
	=	0.29

The North West Co (FRA:3NW) 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.

The North West Co LT-Debt-to-Total-Asset Related Terms

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The North West Co (FRA:3NW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The North West Co Inc (FRA:3NW) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NNWWF:USA NWC:Canada

Address

77 Main Street, Winnipeg, MB, CAN, R3C 2R1

Website

https://www.northwest.ca

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company's revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International. The company generates maximum revenue from Canada.

The North West Co (FRA:3NW) Headlines

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