Goodwin (LSE:GDWN) LT-Debt-to-Total-Asset : 0.12 (As of Oct. 2024)

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What is Goodwin 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. Goodwin's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.12.

Goodwin's long-term debt to total assets ratio declined from Oct. 2023 (0.21) to Oct. 2024 (0.12). It may suggest that Goodwin is progressively becoming less dependent on debt to grow their business.

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

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

Goodwin Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

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0.08

0.16

0.18

0.22

Goodwin Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.18	0.21	0.22	0.12

Goodwin LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Apr. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2024 )	/	Total Assets (A: Apr. 2024 )
	=	61.906	/	284.228
	=	0.22

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

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	35.053	/	287.011
	=	0.12

Goodwin (LSE:GDWN) 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.

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

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Goodwin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goodwin PLC (LSE:GDWN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GDWNl:UK GDWN.GB:UK

Address

Ivy House Foundry, Hanley, Stoke-on-Trent, Staffordshire, GBR, ST1 3NR

Website

https://www.goodwin.co.uk

Goodwin PLC is a mechanical component manufacturing company. Its operating segments are the Mechanical Engineering segment which includes casting, valve, antenna, and pump manufacturer and general engineering, and the Refractory Engineering segment which consists of powder manufacture and mineral processing. The company generates the majority of its revenue from the Mechanical Engineering segment. Geographically, the company generates maximum revenue from the United Kingdom and also has its presence in Europe, the United States of America, Pacific Basin, and the rest of the world.

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