Cobram Estate Olives (ASX:CBO) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2024)

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What is Cobram Estate Olives 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. Cobram Estate Olives's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.35.

Cobram Estate Olives's long-term debt to total assets ratio increased from Dec. 2023 (0.32) to Dec. 2024 (0.35). It may suggest that Cobram Estate Olives is progressively becoming more dependent on debt to grow their business.

Cobram Estate Olives LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cobram Estate Olives'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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Cobram Estate Olives LT-Debt-to-Total-Asset Chart

Cobram Estate Olives Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.26

0.29

0.32

Cobram Estate Olives Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.29	0.29	0.32	0.32	0.35

Cobram Estate Olives LT-Debt-to-Total-Asset Calculation

Cobram Estate Olives'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 )
	=	219.735	/	690.072
	=	0.32

Cobram Estate Olives'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 )
	=	253.869	/	734.175
	=	0.35

Cobram Estate Olives (ASX:CBO) 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.

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Cobram Estate Olives Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cobram Estate Olives Ltd (ASX:CBO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CBOAF:USA

Address

151 Broderick Road, Corio, Lara, VIC, AUS, 3212

Website

https://www.cobramestateolives.com.au

Cobram Estate Olives Ltd is a producer and marketer of premium quality extra virgin olive oil. It owns the two Australian extra virgin olive oil brands, Cobram Estate and Red Island. The company's geographical segment includes Australia; United States of America and Innovation and value-added products. It derives a majority of revenue from Australian operations.

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