Noumi (ASX:NOU) LT-Debt-to-Total-Asset : 1.28 (As of Dec. 2023)

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What is Noumi 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. Noumi's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.28.

Noumi's long-term debt to total assets ratio increased from Dec. 2022 (1.10) to Dec. 2023 (1.28). It may suggest that Noumi is progressively becoming more dependent on debt to grow their business.

Noumi LT-Debt-to-Total-Asset Historical Data

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

Noumi Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.13

0.28

0.81

1.02

1.22

Noumi Semi-Annual Data
	Jun14	Dec14	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															0.81	1.02	1.10	1.22	1.28

Noumi LT-Debt-to-Total-Asset Calculation

Noumi'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 )
	=	462.738	/	377.946
	=	1.22

Noumi'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 )
	=	479.515	/	373.764
	=	1.28

Noumi (ASX:NOU) 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.

Noumi LT-Debt-to-Total-Asset Related Terms

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Noumi (ASX:NOU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8a Williamson Road, Ingleburn, Sydney, NSW, AUS, 2565

Website

https://www.noumi.com.au

Noumi Ltd is an Australian company engaged in the business of sourcing, manufacturing, selling, marketing, and distribution of food products. Its product portfolio includes dairy, plant-based, and nutritional food and beverages. The brands offered by the company include Milklab, Australia's Own, Vital Strength, Uprotein, Crankt, and So Natural. The company operates in two segments which include Dairy and Nutritionals and plant-based Milks. The majority of its revenue derives from the Dairy and Nutritionals segment.

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