LSH (Lakeside Holding) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2024)

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What is Lakeside Holding 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. Lakeside Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.26.

Lakeside Holding's long-term debt to total assets ratio increased from Dec. 2023 (0.21) to Dec. 2024 (0.26). It may suggest that Lakeside Holding is progressively becoming more dependent on debt to grow their business.

Lakeside Holding LT-Debt-to-Total-Asset Historical Data

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

Lakeside Holding Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.49

0.33

0.29

Lakeside Holding Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.21	0.18	0.29	0.26	0.26

Lakeside Holding LT-Debt-to-Total-Asset Calculation

Lakeside Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	2.66	/	9.194
	=	0.29

Lakeside Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	2.595	/	9.837
	=	0.26

Lakeside Holding (NAS:LSH) 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.

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Lakeside Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lakeside Holding Ltd (NAS:LSH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1475 Thorndale Avenue, Suite A, Itasca, IL, USA, 60143

Website

https://www.lakeside-holding.com

Lakeside Holding Ltd i an integrated cross-border supply chain solution provider with a strategic focus on the Asian market including China and South Korea. It provides customized cross-border ocean freight solutions and airfreight solutions in the U.S, including cross-border freight consolidation and forwarding services; customs clearance services; warehousing and distribution services and U.S. domestic ground transportation services.