Articore Group (ASX:ATG) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Articore 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. Articore Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Articore Group's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.04). It may suggest that Articore Group is progressively becoming more dependent on debt to grow their business.

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

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

Articore Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.04

0.02

0.03

Articore Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.03	0.03	0.03	0.03	0.04

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

Articore Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	3.791	/	134.718
	=	0.03

Articore Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	6.729	/	182.871
	=	0.04

Articore Group (ASX:ATG) 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.

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

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Articore Group (ASX:ATG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Articore Group Ltd (ASX:ATG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RDBBF:USA WAB0:Germany

Address

697 Collins Street, Level 12, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.redbubble.com

Articore Group Ltd is an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers. The name of the marketplace is Redbubble.com and TeePublic.com. The products are produced and shipped by third-party service providers (i.e. product manufacturers, printers, and shipping companies) referred to as fulfillers. The company's primary geographic markets are Australia, the United States, the United Kingdom, and the rest of the world. The majority of its revenue is derived from the United States.

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