Literacy Capital (LSE:BOOK) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Literacy Capital 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. Literacy Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Literacy Capital's long-term debt to total assets ratio declined from Sep. 2022 (0.06) to Dec. 2023 (0.03). It may suggest that Literacy Capital is progressively becoming less dependent on debt to grow their business.

Literacy Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Literacy Capital'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.

* Premium members only.

Literacy Capital LT-Debt-to-Total-Asset Chart

Literacy Capital Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.03

Literacy Capital Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Sep22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.06	0.06	0.03

Literacy Capital LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9.465	/	315.836
	=	0.03

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	9.465	/	315.836
	=	0.03

Literacy Capital (LSE:BOOK) 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.

Literacy Capital LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Literacy Capital's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Literacy Capital (LSE:BOOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Literacy Capital PLC (LSE:BOOK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-11 Regent Street, St James's, 3rd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.literacycapital.com

Literacy Capital PLC is a closed-end investment company focused on investing in and supporting UK businesses and helping their management teams to achieve long-term success.

Literacy Capital (LSE:BOOK) Headlines

No Headlines