Close The Loop (ASX:CLG) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2024)

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

What is Close The Loop 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. Close The Loop's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.30.

Close The Loop's long-term debt to total assets ratio increased from Dec. 2023 (0.29) to Dec. 2024 (0.30). It may suggest that Close The Loop is progressively becoming more dependent on debt to grow their business.

Close The Loop LT-Debt-to-Total-Asset Historical Data

The historical data trend for Close The Loop'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.

Close The Loop LT-Debt-to-Total-Asset Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.19

0.34

0.31

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.20	0.34	0.29	0.31	0.30

Close The Loop LT-Debt-to-Total-Asset Calculation

Close The Loop'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 )
	=	90.593	/	297.002
	=	0.31

Close The Loop'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 )
	=	91.42	/	303.989
	=	0.30

Close The Loop (ASX:CLG) 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.

Close The Loop LT-Debt-to-Total-Asset Related Terms

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

Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

Close The Loop Headlines

No Headlines