Peter Warren Automotive Holdings (ASX:PWR) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Peter Warren Automotive 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. Peter Warren Automotive Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Peter Warren Automotive Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.23) to Dec. 2023 (0.20). It may suggest that Peter Warren Automotive Holdings is progressively becoming less dependent on debt to grow their business.

Peter Warren Automotive Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Peter Warren Automotive 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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Peter Warren Automotive Holdings LT-Debt-to-Total-Asset Chart

Peter Warren Automotive Holdings Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.16

0.24

0.21

Peter Warren Automotive Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.26	0.24	0.23	0.21	0.20

Peter Warren Automotive Holdings LT-Debt-to-Total-Asset Calculation

Peter Warren Automotive Holdings'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 )
	=	253.619	/	1204.854
	=	0.21

Peter Warren Automotive Holdings'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 )
	=	274.163	/	1342.433
	=	0.20

Peter Warren Automotive Holdings (ASX:PWR) 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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Peter Warren Automotive Holdings (ASX:PWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Peter Warren Automotive Holdings Ltd (ASX:PWR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hume Highway, Warwick Farm, Sydney, NSW, AUS, 2170

Website

https://www.peterwarren.com.au

Peter Warren Automotive Holdings Ltd is a dealership group operating in Australia. The company operates an integrated new and used car retailing business providing the full range of sales and support including parts, service, finance and insurance and aftermarket products to an extensive list of long-term customers, many of whom have purchased multiple vehicles over a life time. The company has two operating segments Vehicle Retailing and property segment, The company generates the majority of its revenue from the Vehicle Retailing segment, which offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, vehicle parts, extended service contracts, vehicle protection products, and other aftermarket products.