Grafton Group (Grafton Group) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Grafton 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. Grafton Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Grafton Group's long-term debt to total assets ratio declined from Dec. 2022 (0.22) to Dec. 2023 (0.20). It may suggest that Grafton Group is progressively becoming less dependent on debt to grow their business.

Grafton Group LT-Debt-to-Total-Asset Historical Data

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

Grafton Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.25

0.19

0.22

0.20

Grafton Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.22	0.20	0.20

Grafton Group LT-Debt-to-Total-Asset Calculation

Grafton Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	719.378	/	3552.549
	=	0.20

Grafton Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	719.378	/	3552.549
	=	0.20

Grafton Group (OTCPK:GROUF) 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.

Grafton Group LT-Debt-to-Total-Asset Related Terms

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Grafton Group (Grafton Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Grafton Group PLC (OTCPK:GROUF) » Definitions » LT-Debt-to-Total-Asset

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GFTUl:UK GFTU:UK GN5:Germany

Address

Carmanhall Road, The Hive, Sandyford Business Park, Dublin, IRL, D18 Y2C9

Website

https://www.graftonplc.com

Grafton Group PLC is a distributor of building materials that operates in three segments; The Distribution segment is into the distribution of building and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects and also in residential and other new build construction, The Retailing segment operates DIY and home improvement business from a network of 35 stores that supply mainly retail customers with wide products for DIY and for the home and garden, and The Manufacturing segment is into the manufacture of dry mortar in Great Britain. The company also operates in residential and other new build construction. Geographically, the company generates over half of its revenue from the United Kingdom.

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