Penrice Soda Holdings (ASX:PSH) LT-Debt-to-Total-Asset : 0.70 (As of Dec. 2013)

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What is Penrice Soda Holdings 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. Penrice Soda Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2013 was 0.70.

Penrice Soda Holdings's long-term debt to total assets ratio declined from Dec. 2012 (0.76) to Dec. 2013 (0.70). It may suggest that Penrice Soda Holdings is progressively becoming less dependent on debt to grow their business.

Penrice Soda Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Penrice Soda Holdings'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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Penrice Soda Holdings LT-Debt-to-Total-Asset Chart

Penrice Soda Holdings Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

LT-Debt-to-Total-Asset

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0.43

0.33

0.36

0.63

0.86

Penrice Soda Holdings Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.41	0.63	0.76	0.86	0.70

Penrice Soda Holdings LT-Debt-to-Total-Asset Calculation

Penrice Soda Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2013 is calculated as

LT Debt to Total Assets (A: Jun. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2013 )	/	Total Assets (A: Jun. 2013 )
	=	101.54	/	117.648
	=	0.86

Penrice Soda Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (Q: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2013 )	/	Total Assets (Q: Dec. 2013 )
	=	77.2	/	110.019
	=	0.70

Penrice Soda Holdings (ASX:PSH) 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.

Penrice Soda Holdings LT-Debt-to-Total-Asset Related Terms

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Penrice Soda Holdings (ASX:PSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Penrice Soda Holdings Ltd (ASX:PSH) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Website

http://www.penrice.com.au

Penrice Soda Holdings Limited (PSH) is a manufacturer of soda ash and sodium bicarbonate in Australia. Penrice operates the soda ash and sodium bicarbonate plant located at Osborne, close to Adelaide and also operates the marble and limestone mine in SA at Angaston in the Barossa Valley.