ASHTF (Ashtead Group) Debt-to-Asset : 0.49 (As of Oct. 2024)

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What is Ashtead Group Debt-to-Asset?

Ashtead Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $287 Mil. Ashtead Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $10,682 Mil. Ashtead Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2024 was $22,309 Mil. Ashtead Group's debt to asset for the quarter that ended in Oct. 2024 was 0.49.

Ashtead Group Debt-to-Asset Historical Data

The historical data trend for Ashtead Group's Debt-to-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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Ashtead Group Debt-to-Asset Chart

Ashtead Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Debt-to-Asset

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0.53

0.45

0.47

0.48

0.49

Ashtead Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Asset	Get a 7-Day Free Trial															0.51	0.51	0.49	0.49	0.49

Competitive Comparison of Ashtead Group's Debt-to-Asset

For the Rental & Leasing Services subindustry, Ashtead Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ashtead Group's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ashtead Group's Debt-to-Asset falls into.

Ashtead Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ashtead Group's Debt-to-Asset for the fiscal year that ended in Apr. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(273.8	+	10401.9)	/	21651.3
	=	0.49

Ashtead Group's Debt-to-Asset for the quarter that ended in Oct. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(286.6	+	10682.4)	/	22309.2
	=	0.49

Ashtead Group (OTCPK:ASHTF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ashtead Group Debt-to-Asset Related Terms

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Ashtead Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.