Volvere (LSE:VLE) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Volvere 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. Volvere's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Volvere's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Volvere is progressively becoming less dependent on debt to grow their business.

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

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

Volvere Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.05

0.04

0.03

0.02

Volvere Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.04	0.03	0.03	0.03	0.02

Volvere LT-Debt-to-Total-Asset Calculation

Volvere'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 )
	=	1.071	/	45.411
	=	0.02

Volvere'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 )
	=	1.071	/	45.411
	=	0.02

Volvere (LSE:VLE) 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.

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

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Volvere (LSE:VLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Volvere PLC (LSE:VLE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tachbrook Road, Shire House, Leamington Spa, Warwickshire, GBR, CV31 3SF

Website

https://www.volvere.co.uk

Volvere PLC is a holding company that invests in companies that require growth capital. It identifies and invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group. Its business is organized into Food Manufacturing and Investing and management services. Food Manufacturing consists of the manufacturing of frozen pies, and other pastry products for retailers and food service customers and the company also provides investment and management services. The company generates its revenue from the UK.

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