GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best & Less Group holdings Ltd (ASX:BST) » Definitions » LT-Debt-to-Total-Asset

Best & Less Group holdings (ASX:BST) LT-Debt-to-Total-Asset : 0.44 (As of Dec. 2022)


View and export this data going back to 2021. Start your Free Trial

What is Best & Less Group holdings 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. Best & Less Group holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.44.

Best & Less Group holdings's long-term debt to total assets ratio declined from Dec. 2021 (0.45) to Dec. 2022 (0.44). It may suggest that Best & Less Group holdings is progressively becoming less dependent on debt to grow their business.

Best & Less Group holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Best & Less Group holdings'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.

* Premium members only.

Best & Less Group holdings LT-Debt-to-Total-Asset Chart

Best & Less Group holdings Annual Data
Trend Jun22
LT-Debt-to-Total-Asset
0.45

Best & Less Group holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22
LT-Debt-to-Total-Asset 0.54 0.45 0.45 0.44

Best & Less Group holdings LT-Debt-to-Total-Asset Calculation

Best & Less Group holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )/Total Assets (A: Jun. 2022 )
=167.468/376.662
=0.44

Best & Less Group holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=161.957/367.462
=0.44

* 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.

Best & Less Group holdings  (ASX:BST) 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.

Best & Less Group holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Best & Less Group holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Best & Less Group holdings (ASX:BST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best & Less Group holdings Ltd (ASX:BST) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
ASX:UNI ASX:CCX ASX:MOZ ASX:STP ASX:AX1 TJX XMAD:ITX TSE:9983 LULU ROST BURL LSE:NXT ONON BOM:500251 HKSE:06110 GPS VSCO TSE:2670 JSE:MRP FL
Traded in Other Exchanges
N/A
Address
657-673 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040
Website
https://www.bestandless.com.au
Best & Less Group holdings Ltd is a holding company for an Australia and New Zealand-based value apparel retail business operating under the Best and Less brand in Australia. It generates revenue from the sale of clothing, footwear, and general merchandise, including online sales.