Watches of Switzerland Group (LSE:WOSG) LT-Debt-to-Total-Asset : 0.36 (As of Oct. 2023)

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What is Watches of Switzerland 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. Watches of Switzerland Group's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.36.

Watches of Switzerland Group's long-term debt to total assets ratio declined from Oct. 2022 (0.39) to Oct. 2023 (0.36). It may suggest that Watches of Switzerland Group is progressively becoming less dependent on debt to grow their business.

Watches of Switzerland Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Watches of Switzerland 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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Watches of Switzerland Group LT-Debt-to-Total-Asset Chart

Watches of Switzerland Group Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.47

0.45

0.46

0.40

0.39

Watches of Switzerland Group Semi-Annual Data
	Apr16	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.41	0.40	0.39	0.39	0.36

Watches of Switzerland Group LT-Debt-to-Total-Asset Calculation

Watches of Switzerland Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	483	/	1235
	=	0.39

Watches of Switzerland Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	476.1	/	1306.4
	=	0.36

Watches of Switzerland Group (LSE:WOSG) 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.

Watches of Switzerland Group LT-Debt-to-Total-Asset Related Terms

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Watches of Switzerland Group (LSE:WOSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Watches of Switzerland Group PLC (LSE:WOSG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WOSGF:USA WOSGl:UK 5WS:Germany

Address

2 Elland Road, Aurum House, Braunstone, Leicester, GBR, LE3 1TT

Website

https://www.thewosgroupplc.com

Watches of Switzerland Group PLC is a retailer of luxury watches in the United Kingdom. Other than luxury watch offerings, the company also offers luxury jewellery, fashion, and classic watches and a range of watch and jewellery aftercare services. The company's geographical segments are the United Kingdom and the United States, of which the majority of the revenue comes from the United Kingdom.

Watches of Switzerland Group (LSE:WOSG) Headlines

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