The Reject Shop (ASX:TRS) LT-Debt-to-Total-Asset : 0.32 (As of Jun. 2024)

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What is The Reject Shop 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. The Reject Shop's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.32.

The Reject Shop's long-term debt to total assets ratio increased from Jun. 2023 (0.29) to Jun. 2024 (0.32). It may suggest that The Reject Shop is progressively becoming more dependent on debt to grow their business.

The Reject Shop LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Reject Shop'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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The Reject Shop LT-Debt-to-Total-Asset Chart

The Reject Shop Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.26

0.22

0.29

0.32

The Reject Shop 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	0.28	0.29	0.28	0.32

The Reject Shop LT-Debt-to-Total-Asset Calculation

The Reject Shop'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 )
	=	154.909	/	490.735
	=	0.32

The Reject Shop'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 )
	=	154.909	/	490.735
	=	0.32

The Reject Shop (ASX:TRS) 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.

The Reject Shop LT-Debt-to-Total-Asset Related Terms

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The Reject Shop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Reject Shop Ltd (ASX:TRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

245 Racecourse Road, Kensington, Sydney, VIC, AUS, 3031

Website

https://www.rejectshop.com.au

The Reject Shop Ltd is a discount variety retailer of general merchandise products. Geographically, it operates and derives revenue from Australia. The company's product categories include Home and Garden, Grocery, Health and Beauty, Stationery, Pets, Toys, Clothing, and Gift Cards. The company has one reportable segment, retailing of discount variety merchandise.