Eagers Automotive (ASX:APE) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2024)

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What is Eagers Automotive 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. Eagers Automotive's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.30.

Eagers Automotive's long-term debt to total assets ratio increased from Dec. 2023 (0.25) to Dec. 2024 (0.30). It may suggest that Eagers Automotive is progressively becoming more dependent on debt to grow their business.

Eagers Automotive LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eagers Automotive'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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Eagers Automotive LT-Debt-to-Total-Asset Chart

Eagers Automotive Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.34

0.30

0.25

0.30

Eagers Automotive Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.10	0.25	0.14	0.30

Eagers Automotive LT-Debt-to-Total-Asset Calculation

Eagers Automotive's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1649.111	/	5454.111
	=	0.30

Eagers Automotive's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1649.111	/	5454.111
	=	0.30

Eagers Automotive (ASX:APE) 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.

Eagers Automotive LT-Debt-to-Total-Asset Related Terms

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Eagers Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eagers Automotive Ltd (ASX:APE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Edmund Street, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.eagersautomotive.com.au

Eagers Automotive is the largest automotive retailing group in the Australian market, with an estimated share of over 12% of new-vehicle sales. The company offers a range of products and services, including the sale of new and used vehicles, vehicle repair services, and parts. The company also facilitates vehicle financing through third-party providers. Additionally, Eagers operates a truck retailing business, offering a similar range of products and services.