Cazoo Group (Cazoo Group) LT-Debt-to-Total-Asset : 0.82 (As of Jun. 2023)

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What is Cazoo 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. Cazoo Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.82.

Cazoo Group's long-term debt to total assets ratio increased from Jun. 2022 (0.36) to Jun. 2023 (0.82). It may suggest that Cazoo Group is progressively becoming more dependent on debt to grow their business.

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

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

Cazoo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.04

0.09

0.12

0.51

Cazoo Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.09	0.12	0.36	0.51	0.82

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

Cazoo Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	536.804	/	1053.476
	=	0.51

Cazoo Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	546.138	/	667.1
	=	0.82

Cazoo Group (OTCPK:CZOOF) 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.

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

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Cazoo Group (Cazoo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cazoo Group Ltd (OTCPK:CZOOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Chalton Street, London, GBR, NW1 1JD

Website

https://www.cazoo.co.uk

Cazoo Group Ltd transforms the car buying experience for consumers across the UK and Europe. It aims to make buying a car an easy experience, where consumers can simply and seamlessly purchase, finance, or subscribe to a car entirely online for either delivery or collection in less time.