Signet Jewelers (FRA:SZ2) LT-Debt-to-Total-Asset : 0.19 (As of Oct. 2024)

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What is Signet Jewelers 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. Signet Jewelers's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.19.

Signet Jewelers's long-term debt to total assets ratio increased from Oct. 2023 (0.14) to Oct. 2024 (0.19). It may suggest that Signet Jewelers is progressively becoming more dependent on debt to grow their business.

Signet Jewelers LT-Debt-to-Total-Asset Historical Data

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

Signet Jewelers Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.31

0.21

0.18

0.16

0.12

Signet Jewelers 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															0.14	0.12	0.13	0.14	0.19

Signet Jewelers LT-Debt-to-Total-Asset Calculation

Signet Jewelers'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 )
	=	767.173	/	6254.518
	=	0.12

Signet Jewelers'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 )
	=	1014.023	/	5219.105
	=	0.19

Signet Jewelers (FRA:SZ2) 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.

Signet Jewelers LT-Debt-to-Total-Asset Related Terms

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Signet Jewelers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Signet Jewelers Ltd (FRA:SZ2) » Definitions » LT-Debt-to-Total-Asset

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SIG:USA

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.signetjewelers.com

Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue. The North America segment generates revenue from Mall and Off-mall & Outlet.

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