Petards Group (AQSE:PEG.GB) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2024)

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What is Petards 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. Petards Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.06.

Petards Group's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.06). It may suggest that Petards Group is progressively becoming more dependent on debt to grow their business.

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

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

Petards Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.03

0.01

0.05

Petards Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.05	0.06

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

Petards 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 )
	=	0.511	/	10.725
	=	0.05

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.814	/	12.793
	=	0.06

Petards Group (AQSE:PEG.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.

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

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Petards Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Petards Group PLC (AQSE:PEG.GB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PEG:UK

Address

32 London Road, Parallel House, Guildford, Surrey, GBR, GU1 2AB

Website

https://www.petards.com

Petards Group PLC is a security and surveillance systems supplier. The company's operating segment is the Development, Supply, and Maintenance of Technologies used in the security, surveillance, and ruggedized electronic applications segment in the Rail, Traffic, and Defence segment. The company serves the transport, defense, and emergency services market offering software-driven onboard digital video and sensor systems, electronic defensive countermeasure systems, threat simulation systems, and mobile radios. The geographical segments of the company are the United Kingdom, Continental Europe, and the Rest of the World, of which maximum revenue is generated from the United Kingdom.

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