GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cash Converters International Ltd (ASX:CCV) » Definitions » LT-Debt-to-Total-Asset

Cash Converters International (ASX:CCV) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Cash Converters International 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. Cash Converters International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Cash Converters International's long-term debt to total assets ratio increased from Dec. 2022 (0.19) to Dec. 2023 (0.23). It may suggest that Cash Converters International is progressively becoming more dependent on debt to grow their business.

Cash Converters International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cash Converters International'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.

Cash Converters International LT-Debt-to-Total-Asset Chart

Cash Converters International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.15 0.16 0.16 0.19

Cash Converters International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.16 0.19 0.19 0.23

Cash Converters International LT-Debt-to-Total-Asset Calculation

Cash Converters International'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 )
=84.413/442.669
=0.19

Cash Converters International'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 )
=109.853/476.049
=0.23

* 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.

Cash Converters International  (ASX:CCV) 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.

Cash Converters International LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Cash Converters International's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Cash Converters International (ASX:CCV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cash Converters International Ltd (ASX:CCV) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
ASX:JYC ASX:SSG ASX:SHM ASX:DSK ASX:BBN ASX:BKG ASX:ADH ORLY TSX:ATD AZO TSCO SHSE:601888 ULTA WSM DKS BBY CASY ADX:ADNOCDIST BBWI MUSA
Traded in Other Exchanges
N/A
Address
141 St Georges Terrace, Level 11, Perth, WA, AUS, 6000
Website
https://www.cashconverters.com
Cash Converters International Ltd is a franchised retail network that specializes in the sale of second-hand goods. It operates through three business segments. Store Operations segment, which is the key revenue driver, involves the retail sale of new and second-hand goods, cash advance, and pawnbroking operations. Personal Finance segment comprises the Cash Converters Personal Finance personal loans business. The vehicle Financing segment comprises Green Light Auto Group, which provides motor vehicle finance. It operates in two geographical areas Australia and the United Kingdom. The company generates the majority of its revenue from the Personal finance segment.