Loungers (LSE:LGRS) LT-Debt-to-Total-Asset : 0.39 (As of Oct. 2024)

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What is Loungers 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. Loungers's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.39.

Loungers's long-term debt to total assets ratio declined from Oct. 2023 (0.40) to Oct. 2024 (0.39). It may suggest that Loungers is progressively becoming less dependent on debt to grow their business.

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

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

Loungers Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

LT-Debt-to-Total-Asset

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0.47

0.49

0.42

0.41

0.39

Loungers Semi-Annual Data
	Apr16	Apr17	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											0.43	0.41	0.40	0.39	0.39

Loungers LT-Debt-to-Total-Asset Calculation

Loungers'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 )
	=	159.143	/	409.827
	=	0.39

Loungers'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 )
	=	168.622	/	431.247
	=	0.39

Loungers (LSE:LGRS) 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.

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

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Loungers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Loungers PLC (LSE:LGRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Baldwin Street, Bristol, GBR, BS1 1SE

Website

https://www.loungers.co.uk

Loungers PLC is an operator of cafe bars and restaurants. Geographically, the company operates only in the United Kingdom. It generates revenue from the sale of food and drink.

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