iFIT Health & Fitness (iFIT Health & Fitness) LT-Debt-to-Total-Asset : 0.38 (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's long-term debt to total assests ratio for the quarter that ended in May. 2020 was 0.38.

iFIT Health & Fitness's long-term debt to total assets ratio increased from . 20 (0.00) to May. 2020 (0.38). It may suggest that iFIT Health & Fitness is progressively becoming more dependent on debt to grow their business.

iFIT Health & Fitness LT-Debt-to-Total-Asset Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness LT-Debt-to-Total-Asset Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

LT-Debt-to-Total-Asset

0.38

0.16

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
LT-Debt-to-Total-Asset	-	0.38	0.16

iFIT Health & Fitness LT-Debt-to-Total-Asset Calculation

iFIT Health & Fitness's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2021 is calculated as

LT Debt to Total Assets (A: May. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2021 )	/	Total Assets (A: May. 2021 )
	=	157.133	/	992.566
	=	0.16

iFIT Health & Fitness's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2020 is calculated as

LT Debt to Total Assets (Q: May. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2020 )	/	Total Assets (Q: May. 2020 )
	=	139.842	/	372.129
	=

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness LT-Debt-to-Total-Asset Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.