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Fleetwood (ASX:FWD) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)


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What is Fleetwood 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. Fleetwood's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Fleetwood's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Jun. 2024 (0.05). It may suggest that Fleetwood is progressively becoming less dependent on debt to grow their business.


Fleetwood LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fleetwood'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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Fleetwood LT-Debt-to-Total-Asset Chart

Fleetwood Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.07 0.07 0.07 0.05

Fleetwood Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.07 0.07 0.07 0.06 0.05

Fleetwood LT-Debt-to-Total-Asset Calculation

Fleetwood'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 )
=11.358/250.585
=0.05

Fleetwood's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=11.358/250.585
=0.05

* 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.


Fleetwood  (ASX:FWD) 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.


Fleetwood LT-Debt-to-Total-Asset Related Terms

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Fleetwood Business Description

Traded in Other Exchanges
Address
464 Hay Street, Level 2, Subiaco, WA, AUS, 6008
Fleetwood Ltd is a modular construction company. The company works with government departments, owners, architects, and engineers to design and build custom modular buildings predominately for the affordable housing, education, custodial, and mining industries. The operating business segments are RV Solutions; Building Solutions and Community Solutions. It generates maximum revenue from the Building Solutions segment. Geographically, the company operates in Australia and New Zealand, with maximum revenue from Australia.

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