Kitwave Group (FRA:8R9) LT-Debt-to-Total-Asset : 0.23 (As of Oct. 2024)

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What is Kitwave 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. Kitwave Group's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.23.

Kitwave Group's long-term debt to total assets ratio increased from Oct. 2023 (0.22) to Oct. 2024 (0.23). It may suggest that Kitwave Group is progressively becoming more dependent on debt to grow their business.

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

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

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Oct24

LT-Debt-to-Total-Asset

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0.32

0.13

0.22

0.23

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.13	0.20	0.22	0.18	0.23

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

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

LT Debt to Total Assets (A: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2024 )	/	Total Assets (A: Oct. 2024 )
	=	99.727	/	430.019
	=	0.23

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

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	99.727	/	430.019
	=	0.23

Kitwave Group (FRA:8R9) 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.

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

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Kitwave Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (FRA:8R9) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KITW:UK 8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling and delivering impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice. Key revenue is generated from Frozen and chilled which includes wholesale of alcohol, frozen, chilled and fresh food to trade customers.

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