Animalcare Group (LSE:ANCR) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Animalcare 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. Animalcare Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Animalcare Group's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.05). It may suggest that Animalcare Group is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Animalcare 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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Animalcare Group LT-Debt-to-Total-Asset Chart

Animalcare Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.14

0.09

0.05

Animalcare Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.11	0.09	0.09	0.05

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

Animalcare Group'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 )
	=	4.962	/	106.792
	=	0.05

Animalcare Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4.962	/	106.792
	=	0.05

Animalcare Group (LSE:ANCR) 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.

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

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Animalcare Group (LSE:ANCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Animalcare Group PLC (LSE:ANCR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ANCR.GB:UK

Address

Monks Cross Drive, Moorside, York, GBR, YO32 9LB

Website

https://www.animalcaregroup.com

Animalcare Group PLC is active in the healthcare division in the United Kingdom. It is a generic veterinary medicines company. The company mainly caters to veterinary professionals in the treatment of companion animals through a product line comprised of licensed veterinary medicines and companion animal identification products and services. Its only reportable segment is Pharmaceutical which includes the development and marketing of innovative pharmaceutical products. The company has a presence in Belgium, The Netherlands, Germany, Italy, Portugal, European Union - Other, Asia, Middle East Africa, Spain, the United Kingdom, and Other Countries of which Spain derives a majority of revenue to the company.

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