Pollard Banknote (FRA:67L) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Pollard Banknote 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. Pollard Banknote's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Pollard Banknote's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.23). It may suggest that Pollard Banknote is progressively becoming less dependent on debt to grow their business.

Pollard Banknote LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pollard Banknote'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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Pollard Banknote LT-Debt-to-Total-Asset Chart

Pollard Banknote Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.35

0.27

0.26

Pollard Banknote 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															0.26	0.29	0.27	0.26	0.23

Pollard Banknote LT-Debt-to-Total-Asset Calculation

Pollard Banknote's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	90.606	/	352.496
	=	0.26

Pollard Banknote's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	85.436	/	366.234
	=	0.23

Pollard Banknote (FRA:67L) 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.

Pollard Banknote LT-Debt-to-Total-Asset Related Terms

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Pollard Banknote (FRA:67L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pollard Banknote Ltd (FRA:67L) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PBKOF:USA PBL:Canada

Address

140 Otter Street, Winnipeg, MB, CAN, R3T 0M8

Website

https://www.pollardbanknote.com

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has its geographic presence in Canada, United States and International. It generates majority of the revenue from United States .

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