Gumtree Australia Markets (ASX:GUM) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2024)

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What is Gumtree Australia Markets 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. Gumtree Australia Markets's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.22.

Gumtree Australia Markets's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.22). It may suggest that Gumtree Australia Markets is progressively becoming less dependent on debt to grow their business.

Gumtree Australia Markets LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gumtree Australia Markets'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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Gumtree Australia Markets LT-Debt-to-Total-Asset Chart

Gumtree Australia Markets Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.24

0.13

0.01

0.24

0.02

Gumtree Australia Markets Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.01	0.24	0.23	0.02	0.22

Gumtree Australia Markets LT-Debt-to-Total-Asset Calculation

Gumtree Australia Markets'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 )
	=	3.418	/	148.378
	=	0.02

Gumtree Australia Markets's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	31.362	/	145.059
	=	0.22

Gumtree Australia Markets (ASX:GUM) 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.

Gumtree Australia Markets LT-Debt-to-Total-Asset Related Terms

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Gumtree Australia Markets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gumtree Australia Markets Ltd (ASX:GUM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 The Esplanade, Level 11, BGC Building, Perth, WA, AUS, 6000

Website

https://www.gumtreefgroup.com.au

Gumtree Australia Markets Ltd Market Ltd is engaged in online classifieds, car sales, and Capital market forums.

Gumtree Australia Markets Headlines

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