Zigup (LSE:ZIG) LT-Debt-to-Total-Asset : 0.32 (As of Oct. 2023)

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What is Zigup 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. Zigup's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.32.

Zigup's long-term debt to total assets ratio increased from Oct. 2022 (0.31) to Oct. 2023 (0.32). It may suggest that Zigup is progressively becoming more dependent on debt to grow their business.

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

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

Zigup Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.38

0.31

0.29

0.31

Zigup Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.29	0.31	0.31	0.32

Zigup LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	644.484	/	2106.779
	=	0.31

Zigup's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	705.06	/	2207.863
	=	0.32

Zigup (LSE:ZIG) 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.

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

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Zigup (LSE:ZIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zigup PLC (LSE:ZIG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.