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Symantec Corp (NAS:SYMC)
Long-Term Debt to Total Assets
0.39 (As of Sep. 2016)

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 divide by its total assets. Symantec Corp's long-term debt to total assests ratio for the quarter that ended in Sep. 2016 was 0.39.

Symantec Corp's long-term debt to total assets ratio increased from Sep. 2015 (0.14) to Sep. 2016 (0.39). It may suggest that Symantec Corp is progressively becoming more dependent on debt to grow their business.

Definition

Symantec Corp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2016 is calculated as

 LT Debt to Total Assets (A: Mar. 2016 ) = Long-Term Debt (A: Mar. 2016 ) / Total Assets (A: Mar. 2016 ) = 2207 / 11767 = 0.19

Symantec Corp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2016 is calculated as

 LT Debt to Total Assets (Q: Sep. 2016 ) = Long-Term Debt (Q: Sep. 2016 ) / Total Assets (Q: Sep. 2016 ) = 6576 / 16864 = 0.39

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Symantec Corp Annual Data

 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 ltd2asset 0.12 0.12 0.17 0.17 0.16 0.16 0.14 0.16 0.13 0.19

Symantec Corp Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ltd2asset 0.16 0.14 0.13 0.13 0.14 0.14 0.15 0.19 0.23 0.39
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