Luceco (LSE:LUCE) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Luceco 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. Luceco's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Luceco's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.14). It may suggest that Luceco is progressively becoming less dependent on debt to grow their business.

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

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

Luceco Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.15

0.21

0.18

0.14

Luceco Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.21	0.29	0.18	0.22	0.14

Luceco LT-Debt-to-Total-Asset Calculation

Luceco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	25.4	/	176.8
	=	0.14

Luceco's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	25.4	/	176.8
	=	0.14

Luceco (LSE:LUCE) 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.

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

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Luceco (LSE:LUCE) Business Description

Industry

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

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Traded in Other Exchanges

LUCEl:UK

Address

Building E Stafford Park 1, Stafford Park, Telford, Shropshire, GBR, TF3 3BD

Website

https://www.lucecoplc.com

Luceco PLC is engaged in the manufacturing and supply of LED lighting, wiring accessories, and portable power equipment. The company generates the majority of its revenue from the sale of LED lighting. Its sales channel includes Retail, Hybrid, Professional wholesale, and Professional projects. The group has a presence in the United Kingdom, Europe, the Middle East & Africa, the Americas, and the Asia Pacific and generates the majority of its revenue from the UK.

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