Qube Holdings (ASX:QUB) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Qube 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. Qube Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Qube Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.23) to Dec. 2023 (0.35). It may suggest that Qube Holdings is progressively becoming more dependent on debt to grow their business.

Qube Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qube 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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Qube Holdings LT-Debt-to-Total-Asset Chart

Qube Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.30

0.35

0.32

0.29

Qube Holdings 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															0.28	0.32	0.23	0.29	0.35

Qube Holdings LT-Debt-to-Total-Asset Calculation

Qube 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 )
	=	1619.7	/	5672.5
	=	0.29

Qube 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 )
	=	2105	/	6000.5
	=	0.35

Qube Holdings (ASX:QUB) 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.

Qube Holdings LT-Debt-to-Total-Asset Related Terms

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Qube Holdings (ASX:QUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qube Holdings Ltd (ASX:QUB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QUBHF:USA 1K1:Germany QUBHA.PFD:Australia

Address

45 Clarence Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.qube.com.au

Qube has three main divisions: operating; property; and Patrick. Operating undertakes road/rail transportation of containers to and from port, operation of container parks, customs/quarantine services, warehousing, intermodal terminals, international freight forwarding, domestic stevedoring, and bulk transport. Patrick is the container terminals business acquired from Asciano, and the property division includes tactical land holdings in Sydney.

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