Goodman Fielder (NZSE:GFF) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2014)

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What is Goodman Fielder 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. Goodman Fielder's long-term debt to total assests ratio for the quarter that ended in Dec. 2014 was 0.31.

Goodman Fielder's long-term debt to total assets ratio increased from Dec. 2013 (0.24) to Dec. 2014 (0.31). It may suggest that Goodman Fielder is progressively becoming more dependent on debt to grow their business.

Goodman Fielder LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goodman Fielder'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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Goodman Fielder LT-Debt-to-Total-Asset Chart

Goodman Fielder Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

LT-Debt-to-Total-Asset

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0.10

0.33

0.29

0.27

0.29

Goodman Fielder Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.23	0.27	0.24	0.29	0.31

Goodman Fielder LT-Debt-to-Total-Asset Calculation

Goodman Fielder's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (A: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2014 )	/	Total Assets (A: Jun. 2014 )
	=	696.978	/	2403.85
	=	0.29

Goodman Fielder's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2014 is calculated as

LT Debt to Total Assets (Q: Dec. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2014 )	/	Total Assets (Q: Dec. 2014 )
	=	724.407	/	2371.473
	=	0.31

Goodman Fielder (NZSE:GFF) 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.

Goodman Fielder LT-Debt-to-Total-Asset Related Terms

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Goodman Fielder (NZSE:GFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goodman Fielder Ltd (NZSE:GFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.goodmanfielder.com.au

Goodman Fielder Limited manufactures, markets & distributes food ingredients & consumer branded food, beverage & related products, including packaged bread & other related goods, biscuits, dairy products, small goods, flour, edible oils & meal components.