ICG Enterprise Trust (LSE:ICGT) LT-Debt-to-Total-Asset : 0.07 (As of Jul. 2024)

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What is ICG Enterprise Trust 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. ICG Enterprise Trust's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.07.

ICG Enterprise Trust's long-term debt to total assets ratio increased from Jul. 2023 (0.05) to Jul. 2024 (0.07). It may suggest that ICG Enterprise Trust is progressively becoming more dependent on debt to grow their business.

ICG Enterprise Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for ICG Enterprise Trust'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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ICG Enterprise Trust LT-Debt-to-Total-Asset Chart

ICG Enterprise Trust Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.05

0.02

ICG Enterprise Trust Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.05	0.05	0.02	0.07

ICG Enterprise Trust LT-Debt-to-Total-Asset Calculation

ICG Enterprise Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	20	/	1308.362
	=	0.02

ICG Enterprise Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	93.305	/	1373.721
	=	0.07

ICG Enterprise Trust (LSE:ICGT) 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.

ICG Enterprise Trust LT-Debt-to-Total-Asset Related Terms

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ICG Enterprise Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ICG Enterprise Trust PLC (LSE:ICGT) » Definitions » LT-Debt-to-Total-Asset

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Address

55 Ludgate Hill, Procession House, London, GBR, EC4M 7JW

Website

https://www.icg-enterprise.co.uk

ICG Enterprise Trust PLC is an investment trust based in the United Kingdom. It aims to provide its investors with long term capital growth through investment in unquoted companies and generating income and consistently high returns whilst protecting against investment downside. The nature of its investment portfolio comprises of investment in a variety of securities in the private equity market such as in large buy-outs, mid-market buy-outs, mezzanine, and small buy-outs, among others. It invests in various sectors, such as business services, industrials, healthcare and education, consumer goods and services, leisure, and financials.

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