NCC Group (LSE:NCC) LT-Debt-to-Total-Asset : 0.18 (As of May. 2024)

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What is NCC Group 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. NCC Group's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.18.

NCC Group's long-term debt to total assets ratio declined from May. 2023 (0.21) to May. 2024 (0.18). It may suggest that NCC Group is progressively becoming less dependent on debt to grow their business.

NCC Group LT-Debt-to-Total-Asset Historical Data

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

NCC Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.22

0.30

0.15

0.23

0.21

NCC Group Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.19	0.21	0.18	0.18

NCC Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	105.9	/	501.4
	=	0.21

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

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	76.1	/	433.3
	=	0.18

NCC Group (LSE:NCC) 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.

NCC Group LT-Debt-to-Total-Asset Related Terms

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NCC Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NCC Group PLC (LSE:NCC) » Definitions » LT-Debt-to-Total-Asset

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NCCl:UK NZB:Germany

Address

2 Hardman Boulevard, XYZ Building, Spinningfields, Manchester, GBR, M3 3AQ

Website

https://www.nccgroupplc.com

NCC Group PLC is a U.K.-based provider of information assurance software solutions. The Group reports its business in two key segments: the Cyber Security division and the Escode division. The two reporting segments provide distinct types of service. Within each of the reporting segments the operating segments provide a homogeneous group of services. Maximum of its revenue is gained from Cyber-Cecurity segment. Geographically located in UK, APAC, North America and Europe. Roughly half of the firm's revenue is generated in the United Kingdom, with the rest coming from Europe and the rest of the world.

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