UniFirst (FRA:U1N) LT-Debt-to-Total-Asset : 0.02 (As of Aug. 2024)

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What is UniFirst 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. UniFirst's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.02.

UniFirst's long-term debt to total assets ratio increased from Aug. 2023 (0.02) to Aug. 2024 (0.02). It may suggest that UniFirst is progressively becoming more dependent on debt to grow their business.

UniFirst LT-Debt-to-Total-Asset Historical Data

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

UniFirst Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.01

0.02

UniFirst Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

UniFirst LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	45.865	/	2445.647
	=	0.02

UniFirst'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 )
	=	45.865	/	2445.647
	=	0.02

UniFirst (FRA:U1N) 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.

UniFirst LT-Debt-to-Total-Asset Related Terms

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UniFirst Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (FRA:U1N) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

UNF:USA

Address

68 Jonspin Road, Wilmington, MA, USA, 01887

Website

http://www.unifirst.com

UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.

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