Gear4music (Holdings) (LSE:G4M) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Gear4music (Holdings) 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. Gear4music (Holdings)'s long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Gear4music (Holdings)'s long-term debt to total assets ratio declined from Sep. 2023 (0.36) to Sep. 2024 (0.31). It may suggest that Gear4music (Holdings) is progressively becoming less dependent on debt to grow their business.

Gear4music (Holdings) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gear4music (Holdings)'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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Gear4music (Holdings) LT-Debt-to-Total-Asset Chart

Gear4music (Holdings) Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.21

0.17

0.39

0.31

0.26

Gear4music (Holdings) Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.31	0.36	0.26	0.31

Gear4music (Holdings) LT-Debt-to-Total-Asset Calculation

Gear4music (Holdings)'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 )
	=	19.599	/	75.196
	=	0.26

Gear4music (Holdings)'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 )
	=	27.865	/	89.605
	=	0.31

Gear4music (Holdings) (LSE:G4M) 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.

Gear4music (Holdings) LT-Debt-to-Total-Asset Related Terms

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Gear4music (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gear4music (Holdings) PLC (LSE:G4M) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Holgate Park Drive, York, GBR, YO26 4GN

Website

https://www.gear4musicplc.com

Gear4music (Holdings) PLC, a holding company operates as an online retailer of musical instruments and equipment. Geographically, it derives majority of its revenue from the United Kingdom and has a presence in Europe and the Rest of the World. It generates revenue by-products such as Own-brand products, Other-brand products, Warranty income and Other. The company has developed its e-commerce platform, with multilingual, multicurrency and responsive design Websites.

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