Crookes Brothers (JSE:CKS) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Crookes Brothers 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. Crookes Brothers's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Crookes Brothers's long-term debt to total assets ratio declined from Sep. 2023 (0.16) to Sep. 2024 (0.14). It may suggest that Crookes Brothers is progressively becoming less dependent on debt to grow their business.

Crookes Brothers LT-Debt-to-Total-Asset Historical Data

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

Crookes Brothers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.16

0.14

0.10

Crookes Brothers Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.14	0.16	0.10	0.14

Crookes Brothers LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	178.647	/	1823.248
	=	0.10

Crookes Brothers's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	263.079	/	1836.34
	=	0.14

Crookes Brothers (JSE:CKS) 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.

Crookes Brothers LT-Debt-to-Total-Asset Related Terms

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Crookes Brothers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Crookes Brothers Ltd (JSE:CKS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ridge 6, 20 Ncondo Place, 2nd Floor, Umhlanga Ridge, Durban, NL, ZAF, 4319

Website

https://www.cbl.co.za

Crookes Brothers Ltd is involved in the production of primary agricultural products and long-term property development. The company's segments include Sugarcane, Deciduous fruit, Bananas, Macadamias, Property, and Bananas. Nearly half of the company's revenue comes from the Sugarcane segment. Its geographical segments include South Africa, eSwatini, Zambia, Mozambique, and Others, of which the majority of the revenue comes from South Africa.

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