Purple Group (JSE:PPE) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2024)

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What is Purple 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. Purple Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.00.

Purple Group's long-term debt to total assets ratio increased from Aug. 2023 (0.00) to Aug. 2024 (0.00). It may suggest that Purple Group is progressively becoming more dependent on debt to grow their business.

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

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

Purple Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.07

0.01

Purple Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

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

Purple Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	4.208	/	1089.383
	=	0.00

Purple Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	4.208	/	1089.383
	=	0.00

Purple Group (JSE:PPE) 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.

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

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Purple Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space 1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company. The company engages in trading, investing, and asset management, and also offers various products and services related to investing and managing portfolios. Its product offerings include EasyEquites, a digital investment platform, EasyProperties, a digital platform to invest in real estate, EasyCrypto, a platform to invest in crypto assets, and others. The company's operating segments are; EasyTrader and EasyAssetManagement (EAM) representing its derivatives trading and asset management operations; Head Office and Investments representing fees and dividends earned on investments; and Easy Group. Maximum revenue is derived from its Easy Group segment which includes EasyEquities, EasyProperties, EasyCrypto, and RISE EasyRetire.

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