IHS Markit (LTS:0UAI) LT-Debt-to-Total-Asset : 0.25 (As of Nov. 2021)

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What is IHS Markit 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. IHS Markit's long-term debt to total assests ratio for the quarter that ended in Nov. 2021 was 0.25.

IHS Markit's long-term debt to total assets ratio declined from Nov. 2020 (0.31) to Nov. 2021 (0.25). It may suggest that IHS Markit is progressively becoming less dependent on debt to grow their business.

IHS Markit LT-Debt-to-Total-Asset Historical Data

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

IHS Markit Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

LT-Debt-to-Total-Asset

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0.25

0.30

0.31

0.25

IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.30	0.30	0.30	0.25

IHS Markit LT-Debt-to-Total-Asset Calculation

IHS Markit's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (A: Nov. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2021 )	/	Total Assets (A: Nov. 2021 )
	=	4154.6	/	16913.9
	=	0.25

IHS Markit's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (Q: Nov. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2021 )	/	Total Assets (Q: Nov. 2021 )
	=	4154.6	/	16913.9
	=	0.25

IHS Markit (LTS:0UAI) 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.

IHS Markit LT-Debt-to-Total-Asset Related Terms

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IHS Markit (LTS:0UAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » IHS Markit Ltd (LTS:0UAI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.

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