Angling Direct (LSE:ANG) LT-Debt-to-Total-Asset : 0.16 (As of Jul. 2024)

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What is Angling Direct 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. Angling Direct's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.16.

Angling Direct's long-term debt to total assets ratio increased from Jul. 2023 (0.15) to Jul. 2024 (0.16). It may suggest that Angling Direct is progressively becoming more dependent on debt to grow their business.

Angling Direct LT-Debt-to-Total-Asset Historical Data

The historical data trend for Angling Direct'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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Angling Direct LT-Debt-to-Total-Asset Chart

Angling Direct Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.20

0.17

0.16

0.17

0.16

Angling Direct Semi-Annual Data
	Jan15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.15	0.17	0.15	0.16	0.16

Angling Direct LT-Debt-to-Total-Asset Calculation

Angling Direct'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 )
	=	9.754	/	59.917
	=	0.16

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	11.071	/	69.31
	=	0.16

Angling Direct (LSE:ANG) 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.

Angling Direct LT-Debt-to-Total-Asset Related Terms

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Angling Direct Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Angling Direct PLC (LSE:ANG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH

Website

https://www.anglingdirect.co.uk

Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. The company has three operating segments: Stores, UK Online and EU Online. The company derives revenue from the Stores segment. The company operates in the UK.

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