Centrepoint Alliance (ASX:CAF) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Centrepoint Alliance 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. Centrepoint Alliance's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Centrepoint Alliance's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.05). It may suggest that Centrepoint Alliance is progressively becoming more dependent on debt to grow their business.

Centrepoint Alliance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Centrepoint Alliance'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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Centrepoint Alliance LT-Debt-to-Total-Asset Chart

Centrepoint Alliance Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.04

0.01

0.05

Centrepoint Alliance 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															0.04	0.01	0.01	0.03	0.05

Centrepoint Alliance LT-Debt-to-Total-Asset Calculation

Centrepoint Alliance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	2.957	/	59.011
	=	0.05

Centrepoint Alliance'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 )
	=	2.957	/	59.011
	=	0.05

Centrepoint Alliance (ASX:CAF) 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.

Centrepoint Alliance LT-Debt-to-Total-Asset Related Terms

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Centrepoint Alliance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Centrepoint Alliance Ltd (ASX:CAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

309 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.centrepointalliance.com.au

Centrepoint Alliance Ltd is a community of financial advisers. It provides technology, services, education, and on-the-ground training to its clients. The company's reportable segments are Licensee and Advice Services which generates maximum revenue for the company provides Australian Financial Services Licence-related services to financial advisers and its clients and mortgage broking services; Funds Management and Administration segment provides investor-directed portfolio services and investment management services to financial advisers and their clients; Consulting services segment represents the business that provides consulting to both self-licensed advisers and licensees.