Gowing Bros (ASX:GOW) LT-Debt-to-Total-Asset : 0.30 (As of Jan. 2025)

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What is Gowing Bros 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. Gowing Bros's long-term debt to total assests ratio for the quarter that ended in Jan. 2025 was 0.30.

Gowing Bros's long-term debt to total assets ratio increased from Jan. 2024 (0.30) to Jan. 2025 (0.30). It may suggest that Gowing Bros is progressively becoming more dependent on debt to grow their business.

Gowing Bros LT-Debt-to-Total-Asset Historical Data

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

Gowing Bros Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

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0.56

0.58

0.60

0.30

Gowing Bros Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.60	0.30	0.30	0.30

Gowing Bros LT-Debt-to-Total-Asset Calculation

Gowing Bros's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	96.557	/	322.002
	=	0.30

Gowing Bros's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2025 is calculated as

LT Debt to Total Assets (Q: Jan. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2025 )	/	Total Assets (Q: Jan. 2025 )
	=	97.493	/	327.352
	=	0.30

Gowing Bros (ASX:GOW) 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.

Gowing Bros LT-Debt-to-Total-Asset Related Terms

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Gowing Bros Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gowing Bros Ltd (ASX:GOW) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

35-61 Harbour Drive, Suite 303, Coffs Harbour, NSW, AUS, 2450

Website

https://www.gowings.com

Gowing Bros Ltd operates as an investment and wealth management company in Australia. Its operating segments include Cash & fixed interest, Equities, Private equities, Investment properties, Development properties, Surf Hardware International business, and others. The company generates majority of its revenue from Investment properties. Its geographical segments include Australia, the United States, Japan, and Europe.

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