Cranswick (CHIX:CWKL) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Cranswick 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. Cranswick's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Cranswick's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.06). It may suggest that Cranswick is progressively becoming more dependent on debt to grow their business.

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

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

Cranswick Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.16

0.11

0.05

0.09

0.08

Cranswick Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.09	0.06	0.08	0.06

Cranswick LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	110.1	/	1384
	=	0.08

Cranswick'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 )
	=	89.4	/	1416.5
	=	0.06

Cranswick (CHIX:CWKl) 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.

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

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Cranswick Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cranswick PLC (CHIX:CWKl) » Definitions » LT-Debt-to-Total-Asset

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CWK:UK 0U6:Germany 0U6:Germany

Address

Ferriby Road, Crane Court, Hesslewood Country Office Park, East Yorkshire, Hessle, GBR, HU13 0PA

Website

https://www.cranswick.plc.uk

Cranswick PLC is a British supplier of fresh pork, sausages, and cooked meats through retail, food service, and manufacturing channels. The company operates through its food segment, which manufactures and supplies products to United Kingdom grocery retailers, the food-service sector, and other food producers. It has also started supplying pet food. Retail customers contribute about three-fourths of the company's total revenue, through retailers' own-label products. Cranswick's operations are focused on the production and supply of premium food products and are located in the U.K., with a small proportion of exports across continental Europe, and other parts of the world. The company is also engaged in pig-breeding and rearing operations.

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