Avingtrans (LSE:AVG) LT-Debt-to-Total-Asset : 0.07 (As of Nov. 2023)

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What is Avingtrans 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. Avingtrans's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.07.

Avingtrans's long-term debt to total assets ratio increased from Nov. 2022 (0.02) to Nov. 2023 (0.07). It may suggest that Avingtrans is progressively becoming more dependent on debt to grow their business.

Avingtrans LT-Debt-to-Total-Asset Historical Data

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

Avingtrans Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.04

0.10

0.04

0.03

Avingtrans Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.02	0.03	0.07

Avingtrans LT-Debt-to-Total-Asset Calculation

Avingtrans's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	3.997	/	155.411
	=	0.03

Avingtrans's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	12.89	/	181.268
	=	0.07

Avingtrans (LSE:AVG) 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.

Avingtrans LT-Debt-to-Total-Asset Related Terms

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Avingtrans (LSE:AVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avingtrans PLC (LSE:AVG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

DZR:Germany

Address

Chatteris Business Park, Chatteris, Cambridgeshire, GBR, PE16 6SA

Website

https://www.avingtrans.plc.uk

Avingtrans PLCis a UK based company, designs and manufactures engineered components, systems and services for the automotive, healthcare and traffic management industries around the world. The company is divided into three segments: Energy-EPM; Energy-PSRE; and Medica-IMI. Avingtrans also designs and manufactures manufactured poles and cabinets for road safety cameras and railway track signaling. The company has a geographical presence in the UK, Europe and North America, and the Rest of World, with the UK region accounting for the majority of revenue.

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