Amcor (BSP:A1CR34) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2024)

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What is Amcor 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. Amcor's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.45.

Amcor's long-term debt to total assets ratio increased from Sep. 2023 (0.45) to Sep. 2024 (0.45). It may suggest that Amcor is progressively becoming more dependent on debt to grow their business.

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

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

Amcor Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.40

0.39

0.42

0.43

Amcor Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.45	0.45	0.43	0.45

Amcor LT-Debt-to-Total-Asset Calculation

Amcor'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 )
	=	38192.835	/	88999.916
	=	0.43

Amcor's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	42391.859	/	93644.198
	=	0.45

Amcor (BSP:A1CR34) 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.

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

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Amcor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amcor PLC (BSP:A1CR34) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

AMCR:USA AMCCF:USA 485:Germany 485:Germany 485B:Germany AMC:Australia

Address

83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP

Website

https://www.amcor.com

Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.

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