Premier Veterinary Group (AQSE:PVG.GB) LT-Debt-to-Total-Asset : 3.23 (As of Mar. 2020)

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What is Premier Veterinary 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. Premier Veterinary Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 3.23.

Premier Veterinary Group's long-term debt to total assets ratio increased from Mar. 2019 (1.25) to Mar. 2020 (3.23). It may suggest that Premier Veterinary Group is progressively becoming more dependent on debt to grow their business.

Premier Veterinary Group LT-Debt-to-Total-Asset Historical Data

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

Premier Veterinary Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

LT-Debt-to-Total-Asset

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0.60

0.26

0.59

2.20

Premier Veterinary Group Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.59	1.25	2.20	3.23

Premier Veterinary Group LT-Debt-to-Total-Asset Calculation

Premier Veterinary Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (A: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2019 )	/	Total Assets (A: Sep. 2019 )
	=	3.85	/	1.752
	=	2.20

Premier Veterinary Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )	/	Total Assets (Q: Mar. 2020 )
	=	4.45	/	1.38
	=	3.22

Premier Veterinary Group (AQSE:PVG.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.

Premier Veterinary Group LT-Debt-to-Total-Asset Related Terms

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Premier Veterinary Group (AQSE:PVG.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Premier Veterinary Group PLC (AQSE:PVG.GB) » Definitions » LT-Debt-to-Total-Asset

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Address

Bond Street, New Bond House, Bristol, GBR, BS2 9AG

Website

http://www.premiervetgroup.co.uk

Premier Veterinary Group PLC is a non-medical service provides mainly to veterinary centers. The company business operates in the veterinary industry and mainly provides support services for day to day running of veterinary centers. The company business is organized into three geographical regions: Premier Pet Care Plan (PPCP) the United Kingdom, PPCP Europe (including the Republic of Ireland), and PPCP US. Most of its revenues are generated from the Premier Pet Care Plan - UK.

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