360 Capital Group (ASX:TGP) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2024)

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What is 360 Capital Group 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. 360 Capital Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

360 Capital Group's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.23). It may suggest that 360 Capital Group is progressively becoming more dependent on debt to grow their business.

360 Capital Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for 360 Capital Group'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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360 Capital Group LT-Debt-to-Total-Asset Chart

360 Capital Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.06

0.01

0.23

360 Capital Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.23

360 Capital Group LT-Debt-to-Total-Asset Calculation

360 Capital Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	74.228	/	328.701
	=	0.23

360 Capital Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	74.228	/	328.701
	=	0.23

360 Capital Group (ASX:TGP) 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.

360 Capital Group LT-Debt-to-Total-Asset Related Terms

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360 Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 360 Capital Group (ASX:TGP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000

Website

https://www.360capital.com.au

360 Capital Group is a property investment and fund management company. The company's operating segment includes Real estate equity and Real estate credit. The company operates in Australia.