Artemis UK Future Leaders (LSE:AFL) LT-Debt-to-Total-Asset : 0.04 (As of Jul. 2024)

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What is Artemis UK Future Leaders 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. Artemis UK Future Leaders's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.04.

Artemis UK Future Leaders's long-term debt to total assets ratio increased from Jul. 2023 (0.00) to Jul. 2024 (0.04). It may suggest that Artemis UK Future Leaders is progressively becoming more dependent on debt to grow their business.

Artemis UK Future Leaders LT-Debt-to-Total-Asset Historical Data

The historical data trend for Artemis UK Future Leaders'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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Artemis UK Future Leaders LT-Debt-to-Total-Asset Chart

Artemis UK Future Leaders Annual Data

Trend

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Jan24

LT-Debt-to-Total-Asset

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0.05

Artemis UK Future Leaders 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															-	-	-	0.05	0.04

Artemis UK Future Leaders LT-Debt-to-Total-Asset Calculation

Artemis UK Future Leaders'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 )
	=	8.753	/	170.413
	=	0.05

Artemis UK Future Leaders'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 )
	=	8.2	/	188.854
	=	0.04

Artemis UK Future Leaders (LSE:AFL) 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.

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Artemis UK Future Leaders Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Artemis UK Future Leaders PLC (LSE:AFL) » Definitions » LT-Debt-to-Total-Asset

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Address

50 Bank Street, Canary Wharf, London, GBR, RG9 1HH

Website

https://www.artemisfunds.com

Artemis UK Future Leaders PLC is an investment trust based in the United Kingdom. The company's investment objective is to achieve a long-term total return for shareholders by investment in a broad cross-section of small to medium-sized UK quoted companies.