Cavendish (LSE:CAV) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Cavendish 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. Cavendish's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Cavendish's long-term debt to total assets ratio declined from Sep. 2023 (0.16) to Sep. 2024 (0.14). It may suggest that Cavendish is progressively becoming less dependent on debt to grow their business.

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

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

Cavendish Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.18

0.20

0.11

Cavendish Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.22	0.20	0.16	0.11	0.14

Cavendish LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	8.811	/	78.297
	=	0.11

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	10.597	/	73.346
	=	0.14

Cavendish (LSE:CAV) 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.

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

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Cavendish Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cavendish PLC (LSE:CAV) » Definitions » LT-Debt-to-Total-Asset

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Address

1 Bartholomew Close, London, GBR, EC1A 7BL

Website

https://www.cavendish.com

Cavendish PLC is engaged in providing financial and advisory services to its clients in the public and private capital markets. It provides services in equity capital markets, M&A, debt advisory, and private growth capital. Its is providing clients with access to equity, debt, and alternative financing, as well as offering cross-border M&A advice.

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