Golf Group (XTAE:GOLF) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is Golf 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. Golf Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Golf Group's long-term debt to total assets ratio declined from Dec. 2022 (0.43) to Dec. 2023 (0.40). It may suggest that Golf Group is progressively becoming less dependent on debt to grow their business.

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

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

Golf Group Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.49

0.44

0.42

0.43

0.40

Golf Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.45	0.47	0.44	0.40

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

Golf Group'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 )
	=	326.356	/	814.153
	=	0.40

Golf Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	326.356	/	814.153
	=	0.40

Golf Group (XTAE:GOLF) 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.

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

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Golf Group (XTAE:GOLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf & Co Group Ltd (XTAE:GOLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamalka 5, Netanya, ISR, 69512

Website

http://www.golfco.co.il

Golf & Co Group Ltd operates retail chain stores offering home fashion products. It operates in the fields of fashion, textiles and home design. The company's offering includes home textile and home ware items such as bed linens, blankets, towels, dinnerware, drink ware, cookware and kitchen items, among others. It also provides spa products, as well as aromatherapy products. It also sales products through online site.