Capital (LSE:CAPD) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is 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. Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Capital's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.21). It may suggest that Capital is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for 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.

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Capital LT-Debt-to-Total-Asset Chart

Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.12

0.15

0.18

0.21

Capital Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.13	0.18	0.22	0.21

Capital LT-Debt-to-Total-Asset Calculation

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 )
	=	76.338	/	369.521
	=	0.21

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 )
	=	76.338	/	369.521
	=	0.21

Capital (LSE:CAPD) 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.

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

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Capital (LSE:CAPD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capital Ltd (LSE:CAPD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CAPFF:USA CAPDl:UK C8D:Germany

Address

10/11 Park Place, 9th Floor, London, GBR, SW1A 1LP

Website

https://www.capdrill.com

Capital Ltd is a drilling services contractor. The company is engaged in providing exploration, grade control, technical, blast hole, and other drilling services and solutions to mining and exploration companies from the exploration phase of the mining cycle through to production. It operates through two geographical segments namely, Africa and the Rest of the world. Africa segment provides drilling services and the Rest of the world provides drilling services and related logistics, equipment rental, and information technology support services. The company derives the majority of revenue from the African region.

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