Namoi Cotton (ASX:NAM) LT-Debt-to-Total-Asset : 0.15 (As of Feb. 2024)

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What is Namoi Cotton 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. Namoi Cotton's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.15.

Namoi Cotton's long-term debt to total assets ratio declined from Feb. 2023 (0.19) to Feb. 2024 (0.15). It may suggest that Namoi Cotton is progressively becoming less dependent on debt to grow their business.

Namoi Cotton LT-Debt-to-Total-Asset Historical Data

The historical data trend for Namoi Cotton'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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Namoi Cotton LT-Debt-to-Total-Asset Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.25

0.27

0.19

0.15

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.15	0.19	0.16	0.15

Namoi Cotton LT-Debt-to-Total-Asset Calculation

Namoi Cotton's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	29.184	/	191.589
	=	0.15

Namoi Cotton's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	29.184	/	191.589
	=	0.15

Namoi Cotton (ASX:NAM) 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.

Namoi Cotton LT-Debt-to-Total-Asset Related Terms

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Namoi Cotton Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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