Top Shelf International Holdings (ASX:TSI) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Top Shelf International 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. Top Shelf International Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Top Shelf International Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Jun. 2024 (0.07). It may suggest that Top Shelf International Holdings is progressively becoming less dependent on debt to grow their business.

Top Shelf International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Top Shelf International 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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Top Shelf International Holdings LT-Debt-to-Total-Asset Chart

Top Shelf International Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.12

0.27

0.28

0.08

0.07

Top Shelf International Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.28	0.40	0.08	0.08	0.07

Top Shelf International Holdings LT-Debt-to-Total-Asset Calculation

Top Shelf International 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 )
	=	6.159	/	83.931
	=	0.07

Top Shelf International 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 )
	=	6.159	/	83.931
	=	0.07

Top Shelf International Holdings (ASX:TSI) 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.

Top Shelf International Holdings LT-Debt-to-Total-Asset Related Terms

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Top Shelf International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Top Shelf International Holdings Ltd (ASX:TSI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

16-18 National Boulevard, Campbellfield, VIC, AUS, 3061

Website

https://www.topshelfgroup.com.au

Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.