Lovisa Holdings (ASX:LOV) LT-Debt-to-Total-Asset : 0.54 (As of Dec. 2023)

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What is Lovisa Holdings 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. Lovisa Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.54.

Lovisa Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.45) to Dec. 2023 (0.54). It may suggest that Lovisa Holdings is progressively becoming more dependent on debt to grow their business.

Lovisa Holdings LT-Debt-to-Total-Asset Historical Data

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

Lovisa Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.50

0.49

0.46

0.61

Lovisa Holdings Semi-Annual Data
	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													0.46	0.46	0.45	0.61	0.54

Lovisa Holdings LT-Debt-to-Total-Asset Calculation

Lovisa Holdings'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 )
	=	314.981	/	518.403
	=	0.61

Lovisa Holdings'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 )
	=	291.651	/	539.417
	=	0.54

Lovisa Holdings (ASX:LOV) 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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Lovisa Holdings (ASX:LOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lovisa Holdings Ltd (ASX:LOV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LO7:Germany

Address

818-820 Glenferrie Road, Level 1, Hawthorn, Melbourne, VIC, AUS, 3122

Website

https://www.lovisa.com

Lovisa is a global fast fashion retailer specialising in jewellery. A vertically integrated supply chain allows it to develop, source, and merchandise its exclusive products. Its target customer base is millennials, seeking affordable and fashionable, or receiving jewellery as gifts. Lovisa's global network of own-operated and franchised stores span across more than 30 countries. Lovisa's sales growth track record is largely underpinned by global store rollouts. The store format and offering is standardised globally, with stores typically in shopping centres and malls with relatively high foot traffic and sales per square metre. Lovisa also operates online stores and in-store piercing services in all its jurisdictions.

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