Sothebys (Sothebys) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2019)

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What is Sothebys 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. Sothebys's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.37.

Sothebys's long-term debt to total assets ratio increased from Jun. 2018 (0.25) to Jun. 2019 (0.37). It may suggest that Sothebys is progressively becoming more dependent on debt to grow their business.

Sothebys LT-Debt-to-Total-Asset Historical Data

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

Sothebys Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.24

0.35

0.47

0.28

0.34

Sothebys Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.38	0.34	0.44	0.37

Sothebys LT-Debt-to-Total-Asset Calculation

Sothebys's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	918.786	/	2689.088
	=	0.34

Sothebys's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	1021.704	/	2750.588
	=	0.37

Sothebys (NYSE:BID) 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.

Sothebys LT-Debt-to-Total-Asset Related Terms

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Sothebys (Sothebys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sothebys (NYSE:BID) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1334 York Avenue, New York, NY, USA, 10021

Website

https://www.sothebys.com

Sothebys is a global art business based in the United States. Its operations are organized under two segments: agency and finance. The agency business provides an auction space or private sale arrangements for sellers and buyers of fine art, decorative art, wine, jewelry and collectibles. The finance segment provides financing activities for collectors and art dealers. Sotheby's auction commissions include those paid by both buyer and seller, both of which are calculated as a percentage of the price of the property sold at auction. Sotheby's private sale commissions are part of a legally binding agreement between Sotheby's and the seller.

Executives

Jessica M Bibliowicz	director	NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173
Dennis M Weibling	director	2300 CARILLON POINT, KIRKLAND WA 98033
Jill Bright	officer: EVP of HR and Administration	1334 YORK AVENUE, NEW YORK NY 10021
Michael F Goss	officer: EVP, Chief Financial Officer	BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Michael J Wolf	director	401 CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Smith, Jr. Thomas S.	director, officer: President and CEO	2 PENN PLAZA, NEW YORK NY 10121
Kevin C. Conroy	director	C/O NEWELL RUBBERMAID INC., 3 GLENLAKE PKWY., ATLANTA GA 30328
Sole Domenico De	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Diana L Taylor	director	ALLINAZ GLOBAL INVESTORS, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10106
Daniel S Loeb	director, 10 percent owner, other: See Remarks	THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Third Point Llc	10 percent owner	55 HUDSON YARDS, NEW YORK NY 10001
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Patrick Drahi	10 percent owner	WIESTISTRASSE 14, ZERMATT V8 3920
Kevin M Delaney	officer: SVP, Corp. Controller & CAO	IMAX CORPORATION, 902 BROADWAY, 20TH FLOOR, NEW YORK NY 10010-6002
Lisa Nadler	officer: EVP, WW Chief HR Officer	1334 YORK AVE, NEW YORK NY 10021