Clarkson (LSE:CKN) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Clarkson 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. Clarkson's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Clarkson's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Clarkson is progressively becoming less dependent on debt to grow their business.

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

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

Clarkson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.08

0.07

0.05

0.04

Clarkson 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															0.07	0.06	0.05	0.05	0.04

Clarkson LT-Debt-to-Total-Asset Calculation

Clarkson'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 )
	=	32.8	/	875.6
	=	0.04

Clarkson'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 )
	=	32.8	/	875.6
	=	0.04

Clarkson (LSE:CKN) 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.

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

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Clarkson (LSE:CKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Clarkson PLC (LSE:CKN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CKNHF:USA CKNl:UK 1DH:Germany

Address

Commodity Quay, St Katharine Docks, London, GBR, E1W 1BF

Website

https://www.clarksons.com

Clarkson PLC is a shipbroking company that services the transportation industry. The company organizes itself into four segments: broking, financial, support, and research. Broking, which generates the vast majority of revenue, provides shipbroking services for ocean transporters. Financial, the next most significant segment, provides investment banking and asset finance services in the shipping, offshore, and real estate sectors. Geographically, it derives a majority of revenue from Europe, the Middle East, and Africa.

Clarkson (LSE:CKN) Headlines

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