Ten Lifestyle Group (LSE:TENG) LT-Debt-to-Total-Asset : 0.12 (As of Feb. 2024)

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What is Ten Lifestyle 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. Ten Lifestyle Group's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.12.

Ten Lifestyle Group's long-term debt to total assets ratio increased from Feb. 2023 (0.10) to Feb. 2024 (0.12). It may suggest that Ten Lifestyle Group is progressively becoming more dependent on debt to grow their business.

Ten Lifestyle Group LT-Debt-to-Total-Asset Historical Data

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

Ten Lifestyle Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.11

0.06

0.08

Ten Lifestyle Group Semi-Annual Data
	Aug15	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.05	0.08	0.10	0.08	0.12

Ten Lifestyle Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	3.349	/	42.862
	=	0.08

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	5.264	/	43.923
	=	0.12

Ten Lifestyle Group (LSE:TENG) 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.

Ten Lifestyle Group LT-Debt-to-Total-Asset Related Terms

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Ten Lifestyle Group (LSE:TENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Lifestyle Group PLC (LSE:TENG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

355 Euston Road, 2nd Floor, Fitzroy House, London, GBR, NW1 3AL

Website

https://www.tenlifestylegroup.com

Ten Lifestyle Group PLC is a technology-enabled lifestyle and travel platform company. It assists its customers to discover, organize, and book travel, dining, and live entertainment to save time and money. The company's geographical segments include Europe, the Middle East and Africa (EMEA), North and South America (The Americas) and Asia-Pacific (APAC). It offers a range of product platforms such as Ten Digital Platforms Ten MAID (management and information delivery) and others. The company derives revenue mainly from service fees that are paid by its corporate clients, under contracts.

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