Viva Leisure (ASX:VVA) LT-Debt-to-Total-Asset : 0.49 (As of Jun. 2024)

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What is Viva Leisure 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. Viva Leisure's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.49.

Viva Leisure's long-term debt to total assets ratio declined from Jun. 2023 (0.51) to Jun. 2024 (0.49). It may suggest that Viva Leisure is progressively becoming less dependent on debt to grow their business.

Viva Leisure LT-Debt-to-Total-Asset Historical Data

The historical data trend for Viva Leisure'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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Viva Leisure LT-Debt-to-Total-Asset Chart

Viva Leisure Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.55

0.52

0.53

0.51

0.49

Viva Leisure Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.53	0.52	0.51	0.50	0.49

Viva Leisure LT-Debt-to-Total-Asset Calculation

Viva Leisure'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 )
	=	267.975	/	542.485
	=	0.49

Viva Leisure'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 )
	=	267.975	/	542.485
	=	0.49

Viva Leisure (ASX:VVA) 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.

Viva Leisure LT-Debt-to-Total-Asset Related Terms

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Viva Leisure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Viva Leisure Ltd (ASX:VVA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Flemington Road, Unit 7, Level 1, P.O. Box 1, Mitchell, ACT, AUS, 2911

Website

https://www.vivaleisure.com.au

Viva Leisure Ltd is an Australia-based company engaged in operating health clubs within the health and leisure industry. It offers customers several different membership options and a range of different types of facilities from box fitness facilities to boutique fitness facilities. The company brands include Clublime; Ladies Only; Psyclelife; hiit republic; Swim School; GymmyPT and others. The group operates in one segment, health club services. Geographically, it operates only in Australia.

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