CGGGF (Coats Group) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2024)

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What is Coats Group 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. Coats Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.41.

Coats Group's long-term debt to total assets ratio increased from Dec. 2023 (0.26) to Dec. 2024 (0.41). It may suggest that Coats Group is progressively becoming more dependent on debt to grow their business.

Coats Group LT-Debt-to-Total-Asset Historical Data

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

Coats Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.23

0.21

0.34

0.26

0.41

Coats Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.34	0.26	0.26	0.41

Coats Group LT-Debt-to-Total-Asset Calculation

Coats Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	661.7	/	1610.7
	=	0.41

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	661.7	/	1610.7
	=	0.41

Coats Group (OTCPK:CGGGF) 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.

Coats Group LT-Debt-to-Total-Asset Related Terms

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Coats Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Coats Group PLC (OTCPK:CGGGF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

COAl:UK COA:UK 4TC:Germany

Address

14 Aldermanbury Square, 4th Floor, London, GBR, EC2V 7HS

Website

https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its product portfolio includes industrial thread and knitting yarns used in the apparel and footwear industries, zips, trims, composites, and fabrics. The company's customers are grouped into three segments; Apparel which is also the key revenue generating customer segment, Footwear and Performance Materials. Geographically, the company generates a majority of its revenue from China and Hong Kong and the rest from Vietnam, India, United Kingdom and other regions.