Renold (FRA:7M5) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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

Renold's long-term debt to total assets ratio increased from Sep. 2023 (0.23) to Sep. 2024 (0.28). It may suggest that Renold is progressively becoming more dependent on debt to grow their business.

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

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

Renold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.31

0.26

0.16

0.08

0.22

Renold 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															0.25	0.08	0.23	0.22	0.28

Renold LT-Debt-to-Total-Asset Calculation

Renold'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 )
	=	59.853	/	278.221
	=	0.22

Renold'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 )
	=	91.173	/	324.884
	=	0.28

Renold (FRA:7M5) 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.

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

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Renold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renold PLC (FRA:7M5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RNO.GB:UK RNO:UK 7M5:Germany

Address

Styal Road, Trident Business Park, Trident 2, Wythenshawe, Manchester, GBR, M22 5XB

Website

https://www.renold.com

Renold PLC is a United Kingdom-based manufacturer of industrial conveyor chains and other machine components. The company's operating segments include: The Chain and The Torque Transmission. Chain segment manufactures and sells power transmission and conveyor chain. It generates maximum revenue from the Chain segment. Geographically, it derives majority of revenue from the Americas and also has a presence in Rest of Europe, Australasia, China, India, and Other countries. The company serves agriculture, forestry and fishing, construction machinery, energy, environmental, food and drink, mining and quarrying and transportation sectors.

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