Britannia Life Sciences (FRA:L020) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is Britannia Life Sciences 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. Britannia Life Sciences's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

Britannia Life Sciences's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.21). It may suggest that Britannia Life Sciences is progressively becoming less dependent on debt to grow their business.

Britannia Life Sciences LT-Debt-to-Total-Asset Historical Data

The historical data trend for Britannia Life Sciences'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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Britannia Life Sciences LT-Debt-to-Total-Asset Chart

Britannia Life Sciences Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.12

0.01

0.27

0.23

Britannia Life Sciences Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.23	0.23	0.21	0.22	0.21

Britannia Life Sciences LT-Debt-to-Total-Asset Calculation

Britannia Life Sciences'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 )
	=	3.439	/	15.131
	=	0.23

Britannia Life Sciences's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3.115	/	14.859
	=	0.21

Britannia Life Sciences (FRA:L020) 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.

Britannia Life Sciences LT-Debt-to-Total-Asset Related Terms

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Britannia Life Sciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Britannia Life Sciences Inc (FRA:L020) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BLAB:Canada

Address

120 Adelaide Street West, Suite 2400, Toronto, ON, CAN, M5H 1T1

Website

https://www.britannia.life

Britannia Life Sciences Inc provides product testing, safety assessment and compliance services to the cosmetic, consumer packaged goods and nutraceutical industries in the United Kingdom and globally.

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