IBI Group (TSX:IBG) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2022)

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What is IBI 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. IBI Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.29.

IBI Group's long-term debt to total assets ratio declined from Jun. 2021 (0.37) to Jun. 2022 (0.29). It may suggest that IBI Group is progressively becoming less dependent on debt to grow their business.

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

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

IBI Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.46

0.47

0.49

0.28

IBI Group Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.35	0.28	0.27	0.29

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

IBI Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	96.929	/	341.403
	=	0.28

IBI Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	108.109	/	373.924
	=	0.29

IBI Group (TSX:IBG) 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.

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

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IBI Group (TSX:IBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IBI Group Inc (TSX:IBG) » Definitions » LT-Debt-to-Total-Asset

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Address

55 St. Clair Avenue West, 7th Floor, Toronto, ON, CAN, M4V 2Y7

Website

https://www.ibigroup.com

IBI Group Inc is a Canada-based engineering services provider. The company plans, designs, implements, as well as offers other consulting services and software development for its intelligence, buildings, and infrastructure business segments. It offers various services, including architecture, engineering, interiors, landscape architecture, planning, and urban design. Its geographical segments are Canada, the United States, the United Kingdom, and other International.

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