Cullinan Holdings (JSE:CULP.PFD) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2017)

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What is Cullinan Holdings 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. Cullinan Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2017 was 0.04.

Cullinan Holdings's long-term debt to total assets ratio declined from Sep. 2016 (0.04) to Sep. 2017 (0.04). It may suggest that Cullinan Holdings is progressively becoming less dependent on debt to grow their business.

Cullinan Holdings LT-Debt-to-Total-Asset Historical Data

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

Cullinan Holdings Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

LT-Debt-to-Total-Asset

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0.07

0.04

Cullinan Holdings Semi-Annual Data
	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.04	0.04	0.04

Cullinan Holdings LT-Debt-to-Total-Asset Calculation

Cullinan Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2017 is calculated as

LT Debt to Total Assets (A: Sep. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2017 )	/	Total Assets (A: Sep. 2017 )
	=	45	/	1302.05
	=	0.03

Cullinan Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2017 is calculated as

LT Debt to Total Assets (Q: Sep. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2017 )	/	Total Assets (Q: Sep. 2017 )
	=	45	/	1302.05
	=	0.03

Cullinan Holdings (JSE:CULP.PFD) 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.

Cullinan Holdings LT-Debt-to-Total-Asset Related Terms

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Cullinan Holdings (JSE:CULP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cullinan Holdings Ltd (JSE:CULP.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cullinan.co.za

Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.

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