Lark Distilling Co (ASX:LRK) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Lark Distilling Co 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. Lark Distilling Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Lark Distilling Co's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.02). It may suggest that Lark Distilling Co is progressively becoming less dependent on debt to grow their business.

Lark Distilling Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lark Distilling Co'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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Lark Distilling Co LT-Debt-to-Total-Asset Chart

Lark Distilling Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.11

0.05

0.04

0.02

Lark Distilling Co 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															0.05	-	0.04	-	0.02

Lark Distilling Co LT-Debt-to-Total-Asset Calculation

Lark Distilling Co'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 )
	=	1.684	/	110.627
	=	0.02

Lark Distilling Co'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 )
	=	1.684	/	110.627
	=	0.02

Lark Distilling Co (ASX:LRK) 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.

Lark Distilling Co LT-Debt-to-Total-Asset Related Terms

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Lark Distilling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Lark Distilling Co Ltd (ASX:LRK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

91-93 Macquarie Street, Level 1, Hobart, TAS, AUS, 7000

Website

https://www.larkdistillery.com

Lark Distilling Co Ltd is engaged in the investment and marketing of Australian whisky in Australia. It sells its products under the brand name, Lark. Its operating segments are Whisky, Gin, and Others. The other segment includes the sale of hand sanitizers. It generates the majority of revenue from the Whisky segment.

Lark Distilling Co Headlines

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