C&C Group (FRA:GCC) LT-Debt-to-Total-Asset : 0.23 (As of Aug. 2024)

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

C&C Group's long-term debt to total assets ratio increased from Aug. 2023 (0.17) to Aug. 2024 (0.23). It may suggest that C&C Group is progressively becoming more dependent on debt to grow their business.

C&C Group LT-Debt-to-Total-Asset Historical Data

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

C&C Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.28

0.36

0.19

0.11

0.23

C&C Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.11	0.17	0.23	0.23

C&C Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	309.5	/	1367.6
	=	0.23

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

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	328.3	/	1416.4
	=	0.23

C&C Group (FRA:GCC) 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.

C&C Group LT-Debt-to-Total-Asset Related Terms

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C&C Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » C&C Group PLC (FRA:GCC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CCGPY:USA CGPZF:USA CCRl:UK CCR:UK GCC:Germany

Address

Keeper Road, Bulmers House, Crumlin, Dublin, IRL, D12 K702

Website

https://www.candcgroupplc.com

C&C Group PLC manufactures cider and other alcoholic and nonalcoholic beverages, including beer, wine, soft drinks, and bottled water. The company's brands include Bulmers, Tennet's, Magners, Heverlee, Woodchuck, Hornsby's, Gaymers, Blackthorn, Tipperary, Finches, and Others. C&C also has distribution rights for numerous brands owned by other companies. Its geographical segments are Ireland, Great Britain, and International, of which the majority of its revenue comes from Great Britain.