International Speedway (International Speedway) LT-Debt-to-Total-Asset : 0.11 (As of Aug. 2019)

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What is International Speedway 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. International Speedway's long-term debt to total assests ratio for the quarter that ended in Aug. 2019 was 0.11.

International Speedway's long-term debt to total assets ratio declined from Aug. 2018 (0.11) to Aug. 2019 (0.11). It may suggest that International Speedway is progressively becoming less dependent on debt to grow their business.

International Speedway LT-Debt-to-Total-Asset Historical Data

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

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

LT-Debt-to-Total-Asset

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0.13

0.12

0.11

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.11	0.11	0.11	0.11

International Speedway LT-Debt-to-Total-Asset Calculation

International Speedway's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2018 is calculated as

LT Debt to Total Assets (A: Nov. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2018 )	/	Total Assets (A: Nov. 2018 )
	=	251.381	/	2249.36
	=	0.11

International Speedway's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2019 is calculated as

LT Debt to Total Assets (Q: Aug. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2019 )	/	Total Assets (Q: Aug. 2019 )
	=	250.477	/	2335.667
	=	0.11

International Speedway (NAS:ISCA) 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.

International Speedway LT-Debt-to-Total-Asset Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (NAS:ISCA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.

Executives

Larree M Renda	director
Hyatt J Brown	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi	director	8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731