Universal Store Holdings (ASX:UNI) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Universal Store 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. Universal Store Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Universal Store Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.21) to Dec. 2023 (0.20). It may suggest that Universal Store Holdings is progressively becoming less dependent on debt to grow their business.

Universal Store Holdings LT-Debt-to-Total-Asset Historical Data

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

Universal Store Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.32

0.25

0.21

0.22

Universal Store Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.23	0.21	0.21	0.22	0.20

Universal Store Holdings LT-Debt-to-Total-Asset Calculation

Universal Store Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	57.275	/	264.845
	=	0.22

Universal Store Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	56.186	/	287.703
	=	0.20

Universal Store Holdings (ASX:UNI) 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.

Universal Store Holdings LT-Debt-to-Total-Asset Related Terms

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Universal Store Holdings (ASX:UNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Universal Store Holdings Ltd (ASX:UNI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

42A, William Farrior Place, Eagle Farm, Brisbane, QLD, AUS, 4009

Website

https://www.universalstore.com

Universal Store Holdings Ltd is a specialty retailer of youth casual apparel. It offers casual apparel, footwear, and accessories to the customers. The company brand portfolio includes Champion, Perfect Stranger, Tommy Jeans, Kiss Chacey, Thrills, and Barney Cools, and others. The company has two reportable segments namely, Universal store, and CTC. The majority of revenue is generated from Universal store.

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