Ollie's Bargain Outlet Holdings (FRA:OL6) LT-Debt-to-Total-Asset : 0.19 (As of Oct. 2024)

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What is Ollie's Bargain Outlet Holdings 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. Ollie's Bargain Outlet Holdings's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.19.

Ollie's Bargain Outlet Holdings's long-term debt to total assets ratio increased from Oct. 2023 (0.18) to Oct. 2024 (0.19). It may suggest that Ollie's Bargain Outlet Holdings is progressively becoming more dependent on debt to grow their business.

Ollie's Bargain Outlet Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ollie's Bargain Outlet Holdings'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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Ollie's Bargain Outlet Holdings LT-Debt-to-Total-Asset Chart

Ollie's Bargain Outlet Holdings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.19

0.16

0.18

0.17

Ollie's Bargain Outlet Holdings Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.17	0.17	0.19

Ollie's Bargain Outlet Holdings LT-Debt-to-Total-Asset Calculation

Ollie's Bargain Outlet Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	366.221	/	2106.437
	=	0.17

Ollie's Bargain Outlet Holdings'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 )
	=	425.667	/	2268.233
	=	0.19

Ollie's Bargain Outlet Holdings (FRA:OL6) 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.

Ollie's Bargain Outlet Holdings LT-Debt-to-Total-Asset Related Terms

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Ollie's Bargain Outlet Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ollie's Bargain Outlet Holdings Inc (FRA:OL6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OLLI:USA

Address

6295 Allentown Boulevard, Suite 1, Harrisburg, PA, USA, 17112

Website

https://www.ollies.us

Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market plan is characterized by a fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and consistent store performance for the company.

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