Clicks Group (JSE:CLS) LT-Debt-to-Total-Asset : 0.14 (As of Feb. 2024)

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What is Clicks 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. Clicks Group's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.14.

Clicks Group's long-term debt to total assets ratio increased from Feb. 2023 (0.13) to Feb. 2024 (0.14). It may suggest that Clicks Group is progressively becoming more dependent on debt to grow their business.

Clicks Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Clicks 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.

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Clicks Group LT-Debt-to-Total-Asset Chart

Clicks Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.10

0.12

0.11

Clicks Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.13	0.11	0.14

Clicks Group LT-Debt-to-Total-Asset Calculation

Clicks Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	2152.485	/	19034.854
	=	0.11

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	2535.631	/	18590.68
	=	0.14

Clicks Group (JSE:CLS) 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.

Clicks Group LT-Debt-to-Total-Asset Related Terms

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Clicks Group (JSE:CLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (JSE:CLS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CLCGY:USA

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.