CSXXY (CAR Group) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2024)

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What is CAR 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. CAR Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.28.

CAR Group's long-term debt to total assets ratio increased from Jun. 2023 (0.26) to Jun. 2024 (0.28). It may suggest that CAR Group is progressively becoming more dependent on debt to grow their business.

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

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

CAR Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.60

0.09

0.38

0.26

0.28

CAR Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.33	0.26	0.26	0.28

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

CAR Group'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 )
	=	857.973	/	3099.958
	=	0.28

CAR Group'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 )
	=	857.973	/	3099.958
	=	0.28

CAR Group (OTCPK:CSXXY) 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.

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

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CAR Group Business Description

Industry

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Traded in Other Exchanges

CAR:Australia

Address

449 Punt Road, Richmond, VIC, AUS, 3121

Website

https://www.cargroup.com

Car Group is a globally diversified group of online marketplaces for auto and nonauto vehicles. The group's primary business is its Australian online marketplace for automotive, www.carsales.com.au., which is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. Car Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data and replacement parts businesses.