Tourism Holdings (ASX:THL) LT-Debt-to-Total-Asset : 0.34 (As of Jun. 2024)

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What is Tourism 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. Tourism Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.34.

Tourism Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.29) to Jun. 2024 (0.34). It may suggest that Tourism Holdings is progressively becoming more dependent on debt to grow their business.

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

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

Tourism Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.36

0.28

0.29

0.34

Tourism Holdings 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															0.29	0.22	0.29	0.33	0.34

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

Tourism Holdings'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 )
	=	468.952	/	1370.42
	=	0.34

Tourism Holdings'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 )
	=	468.952	/	1370.42
	=	0.34

Tourism Holdings (ASX:THL) 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.

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

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Tourism Holdings Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

THL:New Zealand UCH:Germany UCH:Germany

Address

83 Beach Road, Level 1, P.O. Box 4293, The Beach House, Auckland, NTL, NZL, 1010

Website

https://www.thlonline.com

Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals; United States Rentals and other. It generates maximum revenue from United States Rentals segment. United States Rentals segment includes rental and sale of Road Bear, Britz, Mighty and El Monte RVs.

Tourism Holdings Headlines

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