Income Asset Management Group (ASX:IAM) LT-Debt-to-Total-Asset : 0.85 (As of Jun. 2024)

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What is Income Asset Management Group 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. Income Asset Management Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.85.

Income Asset Management Group's long-term debt to total assets ratio increased from Jun. 2023 (0.34) to Jun. 2024 (0.85). It may suggest that Income Asset Management Group is progressively becoming more dependent on debt to grow their business.

Income Asset Management Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Income Asset Management Group'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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Income Asset Management Group LT-Debt-to-Total-Asset Chart

Income Asset Management Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.01

0.20

0.24

0.34

0.85

Income Asset Management Group 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															0.24	0.31	0.34	0.40	0.85

Income Asset Management Group LT-Debt-to-Total-Asset Calculation

Income Asset Management Group'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 )
	=	7.946	/	9.358
	=	0.85

Income Asset Management Group'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 )
	=	7.946	/	9.358
	=	0.85

Income Asset Management Group (ASX:IAM) 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.

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Income Asset Management Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income Asset Management Group Ltd (ASX:IAM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4 Martin Place, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.incomeam.com

Income Asset Management Group Ltd is engaged in providing investment services. It delivers financial product solutions in Cash/Deposits and Fixed Income to wholesale, sophisticated clients and professional investors. It also owns a trustee business that provides responsible entity, custody, and trustee services internally. The company holds licenses for margin lending, foreign exchange, derivatives trading, and market-making.

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