Kirkland's (Kirkland's) LT-Debt-to-Total-Asset : 0.53 (As of Jan. 2024)

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What is Kirkland's 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. Kirkland's's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.53.

Kirkland's's long-term debt to total assets ratio increased from Jan. 2023 (0.47) to Jan. 2024 (0.53). It may suggest that Kirkland's is progressively becoming more dependent on debt to grow their business.

Kirkland's LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kirkland's'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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Kirkland's LT-Debt-to-Total-Asset Chart

Kirkland's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.46

0.39

0.34

0.47

0.53

Kirkland's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.47	0.53	0.56	0.60	0.53

Kirkland's LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	133.772	/	250.573
	=	0.53

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

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	133.772	/	250.573
	=	0.53

Kirkland's (NAS:KIRK) 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.

Kirkland's LT-Debt-to-Total-Asset Related Terms

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Kirkland's (Kirkland's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kirkland's Inc (NAS:KIRK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5310 Maryland Way, Brentwood, TN, USA, 37027

Website

https://www.kirklands.com

Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.

Executives

W Michael Madden	director, officer: President and CEO	C/O KIRKLAND'S INC, 431 SMITH LANE, JACKSON TN 38301
Amy Ervin Sullivan	officer: SVP, CMO	5310 MARYLAND WAY, BRENTWOOD TN 37027
Ann E Joyce	director	C/O AEROPOSTALE INC, 1372 BRAODWAY 8TH FLOOR, NEW YORK NY 10018
Osmium Partners, Llc	10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Diamond, Lp	10 percent owner	C/O OSMIUM PARTNERS, LLC, 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Capital Lp	10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Spartan L P	10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
John Hartnett Lewis	10 percent owner	388 MARKET STREET, SUITE 920, SAN FRANCISCO CA 94111
Osmium Capital Ii, Lp	10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Jill A. Soltau	director	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Nicole Allyson Strain	officer: Interim CFO	5310 MARYLAND WAY, BRENTWOOD TN 37027
Charles Iii Pleas	director	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Michael A. Holland	officer: Sr. VP and CTO	5310 MARYLAND WAY, BRENTWOOD TN 37027
Miles Kirkland	director	C/O KIRKLAND'S, INC., 2501 MCGAVOCK PIKE, SUITE 1000, NASHVILLE TN 37214
Orr Wilson R Iii	director	C/O KIRKLAND'S, INC., 2501 MCGAVOCK PIKE, SUITE 1000, NASHVILLE TN 37214