Nido Education (ASX:NDO) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2024)

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What is Nido Education 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. Nido Education's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.50.

Nido Education's long-term debt to total assets ratio increased from Dec. 2023 (0.46) to Dec. 2024 (0.50). It may suggest that Nido Education is progressively becoming more dependent on debt to grow their business.

Nido Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nido Education'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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Nido Education LT-Debt-to-Total-Asset Chart

Nido Education Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.52

0.46

0.50

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.52	0.92	0.46	0.50	0.50

Nido Education LT-Debt-to-Total-Asset Calculation

Nido Education's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	163.043	/	323.806
	=	0.50

Nido Education'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 )
	=	163.043	/	323.806
	=	0.50

Nido Education (ASX:NDO) 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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Nido Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://www.nidoeducation.edu.au

Nido Education Ltd is a national owner, operator and manager of long-day early childhood education and care services. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

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