DFS Furniture (LSE:DFS) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2023)

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What is DFS Furniture 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. DFS Furniture's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.45.

DFS Furniture's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Dec. 2023 (0.45). It may suggest that DFS Furniture is progressively becoming less dependent on debt to grow their business.

DFS Furniture LT-Debt-to-Total-Asset Historical Data

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

DFS Furniture Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.30

0.55

0.35

0.40

0.47

DFS Furniture Semi-Annual Data
	Jul13	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.40	0.46	0.47	0.45

DFS Furniture LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	493.1	/	1059.2
	=	0.47

DFS Furniture'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 )
	=	467.5	/	1042.8
	=	0.45

DFS Furniture (LSE:DFS) 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.

DFS Furniture LT-Debt-to-Total-Asset Related Terms

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DFS Furniture (LSE:DFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » DFS Furniture PLC (LSE:DFS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DFSl:UK

Address

Adwick-le-Street, 1 Rockingham Way, Redhouse Interchange, Doncaster, South Yorkshire, GBR, DN6 7NA

Website

https://www.dfscorporate.co.uk

DFS Furniture PLC is an upholstery retailer in the United Kingdom. It is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The company's segment includes DFS; Sofology and others. It generates maximum revenue from the DFS segment. DFS segment includes the retailing of upholstered furniture and related products through DFS and Dwell branded stores and websites.