oOh media (ASX:OML) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2023)

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What is oOh media 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. oOh media's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.41.

oOh media's long-term debt to total assets ratio increased from Dec. 2022 (0.39) to Dec. 2023 (0.41). It may suggest that oOh media is progressively becoming more dependent on debt to grow their business.

oOh media LT-Debt-to-Total-Asset Historical Data

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

oOh media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.53

0.44

0.42

0.39

0.41

oOh media Semi-Annual Data
	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														0.42	0.42	0.39	0.44	0.41

oOh media LT-Debt-to-Total-Asset Calculation

oOh media's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	681.483	/	1659.463
	=	0.41

oOh media'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 )
	=	681.483	/	1659.463
	=	0.41

oOh media (ASX:OML) 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.

oOh media LT-Debt-to-Total-Asset Related Terms

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oOh media (ASX:OML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » oOh media Ltd (ASX:OML) » Definitions » LT-Debt-to-Total-Asset

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0OH:Germany

Address

73 Miller Street, Level 2, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.oohmedia.com.au

OOh media operates a network of outdoor advertising sites with a commanding share of the Australian market, and also has a large presence in New Zealand. It boasts a diverse portfolio of locations to service the needs of outdoor marketers, and is particularly strong in the roadside billboard and retail (such as shopping malls) segments. OOh media offers these services by entering into lease arrangements with owners of outdoor sites--effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas. In late September 2018, the group completed the acquisition of Adshel from HT&E for AUD 570 million, a deal that cements its competitive position in the face of industry consolidation.

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