Zenova Group (LSE:ZED) LT-Debt-to-Total-Asset : 0.03 (As of May. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Zenova 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. Zenova Group's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.03.

Zenova Group's long-term debt to total assets ratio declined from May. 2023 (0.04) to May. 2024 (0.03). It may suggest that Zenova Group is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Zenova 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.

* Premium members only.

Zenova Group LT-Debt-to-Total-Asset Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

0.23

0.04

Zenova Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.04	0.04	0.04	0.04	0.03

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

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

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	0.121	/	2.847
	=	0.04

Zenova 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 )
	=	0.079	/	2.937
	=	0.03

Zenova Group (LSE:ZED) 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.

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

Thank you for viewing the detailed overview of Zenova Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Zenova Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

Zenova Group Headlines

No Headlines