ProCook Group (LSE:PROC) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2024)

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What is ProCook 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. ProCook Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.36.

ProCook Group's long-term debt to total assets ratio declined from Sep. 2023 (0.49) to Sep. 2024 (0.36). It may suggest that ProCook Group is progressively becoming less dependent on debt to grow their business.

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

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

ProCook Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.41

0.43

0.38

0.52

0.43

ProCook Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.52	0.52	0.49	0.43	0.36

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

ProCook Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	19.295	/	45.121
	=	0.43

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	19.279	/	53.224
	=	0.36

ProCook Group (LSE:PROC) 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.

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

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ProCook Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ProCook Group PLC (LSE:PROC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Street Modwen Park, Gloucester, GBR, GL10 3EZ

Website

https://www.procookgroup.co.uk

ProCook Group PLC is the UK's direct-to-consumer specialist Kitchenware brand. It is engaged in the designing, sourcing, and retailing of high-quality ranges of cookware, kitchen accessories, and tableware. Its kitchenware ranges offer a choice of over 1,600 cookware, kitchen accessories, and tableware items, all priced to appeal to a broad spectrum of customers across mid to premium price points. The Group has two operating segments, E-commerce and Retail, and the majority of its revenue generates from the retail business.

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