Carr's Group (AQSE:CARR.GB) LT-Debt-to-Total-Asset : 0.02 (As of Aug. 2024)

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What is Carr's 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. Carr's Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.02.

Carr's Group's long-term debt to total assets ratio declined from Aug. 2023 (0.07) to Aug. 2024 (0.02). It may suggest that Carr's Group is progressively becoming less dependent on debt to grow their business.

Carr's Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Carr's 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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Carr's Group LT-Debt-to-Total-Asset Chart

Carr's Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.15

0.14

0.10

0.07

0.02

Carr's Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.07	0.07	0.06	0.02

Carr's Group LT-Debt-to-Total-Asset Calculation

Carr's Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	3.361	/	143.804
	=	0.02

Carr's Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	3.361	/	143.804
	=	0.02

Carr's Group (AQSE:CARR.GB) 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.

Carr's Group LT-Debt-to-Total-Asset Related Terms

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Carr's Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carr's Group PLC (AQSE:CARR.GB) » Definitions » LT-Debt-to-Total-Asset

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CARRl:UK CARR:UK

Address

Warwick Bridge, Warwick Mill Business Centre, Carlisle, Cumbria, GBR, CA4 8RR

Website

https://www.carrsgroup.com

Carr's Group PLC is a British farm supplies company. It manufactures and supplies feed blocks, minerals, and boluses containing trace elements and minerals for livestock. The company offers its products through brands like Horslyx, Animax, Crystalyx, New Generation Supplements, and Scotmin Nutrition. Its only reportable operating segment is Agriculture which derives its revenue from the sale of animal feed blocks and animal health products. Geographically, the company generates maximum revenue from the United States of America followed by the United Kingdom, the Republic of Ireland, and New Zealand.

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