Landsea Homes (Landsea Homes) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Landsea Homes 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. Landsea Homes's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Landsea Homes's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.15). It may suggest that Landsea Homes is progressively becoming less dependent on debt to grow their business.

Landsea Homes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Landsea Homes'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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Landsea Homes LT-Debt-to-Total-Asset Chart

Landsea Homes Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.07

0.01

0.17

Landsea Homes Quarterly Data
	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													0.36	0.34	0.16	0.17	0.15

Landsea Homes LT-Debt-to-Total-Asset Calculation

Landsea Homes'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 )
	=	249.213	/	1471.232
	=	0.17

Landsea Homes'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 )
	=	236.913	/	1543.377
	=	0.15

Landsea Homes (NAS:LSEAW) 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.

Landsea Homes LT-Debt-to-Total-Asset Related Terms

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Landsea Homes (Landsea Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Landsea Homes Corp (NAS:LSEAW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LSEA:USA 8HJ:Germany

Address

660 Newport Center Drive, Suite 300, Newport Beach, CA, USA, 92660

Website

https://www.landseahomes.com

Landsea Homes Corp is a homebuilding company. It designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company's segments include Arizona, California, Florida, Metro New York, and Texas. It derives a majority of revenue from California.