KDC (Knowlton Development) LT-Debt-to-Total-Asset : 0.52 (As of Jul. 2021)

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What is Knowlton Development 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. Knowlton Development's long-term debt to total assests ratio for the quarter that ended in Jul. 2021 was 0.52.

Knowlton Development's long-term debt to total assets ratio increased from . 20 (0.00) to Jul. 2021 (0.52). It may suggest that Knowlton Development is progressively becoming more dependent on debt to grow their business.

Knowlton Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Knowlton Development'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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Knowlton Development LT-Debt-to-Total-Asset Chart

Knowlton Development Annual Data

Trend

Apr20

Apr21

LT-Debt-to-Total-Asset

0.44

0.51

Knowlton Development Quarterly Data
	Apr20	Jul20	Apr21	Jul21
LT-Debt-to-Total-Asset	0.44	-	0.51	0.52

Knowlton Development LT-Debt-to-Total-Asset Calculation

Knowlton Development's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2021 is calculated as

LT Debt to Total Assets (A: Apr. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2021 )	/	Total Assets (A: Apr. 2021 )
	=	1834.9	/	3574.1
	=	0.51

Knowlton Development's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2021 is calculated as

LT Debt to Total Assets (Q: Jul. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2021 )	/	Total Assets (Q: Jul. 2021 )
	=	1899.4	/	3640.1
	=	0.52

Knowlton Development (NYSE:KDC) 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.

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Knowlton Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Knowlton Development Corp Inc (NYSE:KDC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 Roland-Therrien Boulevard, Suite 210, Longueuil, QC, CAN, J4H 4A6

Website

https://www.kdc-one.com

Knowlton Development Corp Inc is involved in the formulation, design, packaging and manufacturing of beauty, personal care, and home care products. It offers skin care, body and hair care, soaps and sanitizers, cosmetics, deodorants, sun care, fragrances, air care, fabric care, pest control and surface care products.