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Live Nation Entertainment (LTS:0JVD) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)


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What is Live Nation Entertainment 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. Live Nation Entertainment's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Live Nation Entertainment's long-term debt to total assets ratio declined from Mar. 2023 (0.43) to Mar. 2024 (0.34). It may suggest that Live Nation Entertainment is progressively becoming less dependent on debt to grow their business.

Live Nation Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Live Nation Entertainment'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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Live Nation Entertainment LT-Debt-to-Total-Asset Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.60 0.47 0.42 0.38

Live Nation Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.41 0.43 0.38 0.34

Live Nation Entertainment LT-Debt-to-Total-Asset Calculation

Live Nation Entertainment'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 )
=7145.117/19074.045
=0.37

Live Nation Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=6724.588/20030.189
=0.34

* 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.

Live Nation Entertainment  (LTS:0JVD) 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.

Live Nation Entertainment LT-Debt-to-Total-Asset Related Terms

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Live Nation Entertainment (LTS:0JVD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (LTS:0JVD) » Definitions » LT-Debt-to-Total-Asset
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WBD FWONA WMG NWSA FOXA SIRI TKO PARA ROKU EDR NFLX DIS XAMS:UMG XPAR:BOL XPAR:VIV XTER:EVD XKRX:352820 MEGACPO TSE:9602 NXST
Traded in Other Exchanges
LYV:USA LYV:Mexico 3LN:Germany L1YV34:Brazil
Address
9348 Civic Center Drive, Beverly Hills, CA, USA, 90210
Website
https://www.livenationentertainment.com
Live Nation is the largest live entertainment firm in the world with over 670 million fans served in 48 countries in 2022 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 338 venues including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 550 million tickets for over 12,000 clients in 2022. Its artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 31% of Live Nation, held under its Sirius XM tracking stock. Liberty plans to spin off its stake into a dedicated tracking stock.

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