Telstra Group (ASX:TLS) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2024)

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What is Telstra 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. Telstra Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.28.

Telstra Group's long-term debt to total assets ratio declined from Jun. 2023 (0.28) to Jun. 2024 (0.28). It may suggest that Telstra Group is progressively becoming less dependent on debt to grow their business.

Telstra Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Telstra 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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Telstra Group LT-Debt-to-Total-Asset Chart

Telstra Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.36

0.31

0.27

0.28

Telstra 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															0.27	0.26	0.28	0.30	0.28

Telstra Group LT-Debt-to-Total-Asset Calculation

Telstra 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 )
	=	12740	/	45550
	=	0.28

Telstra 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 )
	=	12740	/	45550
	=	0.28

Telstra Group (ASX:TLS) 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.

Telstra Group LT-Debt-to-Total-Asset Related Terms

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Telstra Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telstra Group Ltd (ASX:TLS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TTRAF:USA TLGPY:USA 5KBA:Germany 5KB:Germany 5KBA:Germany

Address

242 Exhibition Street, Level 41 - Telstra Centre, Melbourne, VIC, AUS, 3000

Website

https://www.telstra.com.au

Telstra is Australia's largest telecommunications group, with dominant market shares in voice, mobile, enterprise telecom, legacy voice, and fixed-line broadband resale. The former government monopoly, privatized in 1997, provides its services via its infrastructure assets such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Telstra also operates a leading telecom business in Papua New Guinea and surrounding South-Pacific countries.