Farm Pride Foods (ASX:FRM) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is Farm Pride Foods 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. Farm Pride Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Farm Pride Foods's long-term debt to total assets ratio declined from Dec. 2023 (0.31) to Dec. 2024 (0.29). It may suggest that Farm Pride Foods is progressively becoming less dependent on debt to grow their business.

Farm Pride Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Farm Pride Foods'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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Farm Pride Foods LT-Debt-to-Total-Asset Chart

Farm Pride Foods Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.34

0.36

0.52

0.56

0.58

Farm Pride Foods Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.56	0.31	0.58	0.29

Farm Pride Foods LT-Debt-to-Total-Asset Calculation

Farm Pride Foods'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 )
	=	35.178	/	60.811
	=	0.58

Farm Pride Foods'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 )
	=	22.672	/	78.413
	=	0.29

Farm Pride Foods (ASX:FRM) 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.

Farm Pride Foods LT-Debt-to-Total-Asset Related Terms

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Farm Pride Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farm Pride Foods Ltd (ASX:FRM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

551 Chandler Road, Keysborough, VIC, AUS, 3173

Website

https://www.farmpride.com.au

Farm Pride Foods Ltd is engaged in the production, processing, manufacturing, and sale of egg and egg products. It grades, packs, processes, supplies, and markets shell eggs and processed egg products within Australia, and exports to Asia. Egg varieties include freshly laid cage eggs, barn-laid eggs, and free-range egg varieties.

Farm Pride Foods Headlines

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