Cleanaway Waste Management (ASX:CWY) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Cleanaway Waste Management 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. Cleanaway Waste Management's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Cleanaway Waste Management's long-term debt to total assets ratio increased from Dec. 2022 (0.24) to Dec. 2023 (0.25). It may suggest that Cleanaway Waste Management is progressively becoming more dependent on debt to grow their business.

Cleanaway Waste Management LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cleanaway Waste Management'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.

Cleanaway Waste Management LT-Debt-to-Total-Asset Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.17

0.22

0.21

0.27

0.25

Cleanaway Waste Management 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															0.30	0.27	0.24	0.25	0.25

Cleanaway Waste Management LT-Debt-to-Total-Asset Calculation

Cleanaway Waste Management'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 )
	=	1490.7	/	6073.3
	=	0.25

Cleanaway Waste Management'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 )
	=	1580.6	/	6271.3
	=	0.25

Cleanaway Waste Management (ASX:CWY) 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.

Cleanaway Waste Management LT-Debt-to-Total-Asset Related Terms

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

Cleanaway Waste Management (ASX:CWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (ASX:CWY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TSPCF:USA TG9:Germany

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

Cleanaway Waste Management (ASX:CWY) Headlines

No Headlines