The Convenience Shop Holding (MAL:CVS) LT-Debt-to-Total-Asset : 0.44 (As of Dec. 2023)

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What is The Convenience Shop 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. The Convenience Shop Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.44.

The Convenience Shop Holding's long-term debt to total assets ratio increased from Dec. 2022 (0.44) to Dec. 2023 (0.44). It may suggest that The Convenience Shop Holding is progressively becoming more dependent on debt to grow their business.

The Convenience Shop Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Convenience Shop 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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The Convenience Shop Holding LT-Debt-to-Total-Asset Chart

The Convenience Shop Holding Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.44

The Convenience Shop Holding Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	0.44	-	0.44

The Convenience Shop Holding LT-Debt-to-Total-Asset Calculation

The Convenience Shop Holding'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 )
	=	17.231	/	38.79
	=	0.44

The Convenience Shop Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	17.231	/	38.79
	=	0.44

The Convenience Shop Holding (MAL:CVS) 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.

The Convenience Shop Holding LT-Debt-to-Total-Asset Related Terms

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The Convenience Shop Holding (MAL:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Convenience Shop Holding PLC (MAL:CVS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Mdina Road, Marant Food Products, Zebbug, MLT, 9017

Website

https://www.theconvenienceshop.com

The Convenience Shop Holding PLC operates and franchises grocery stores in the fast-moving consumer goods ('FMCG') industry. Through its subsidiaries, the Company manages a chain of retail outlets under The Convenience Shop brand in various locations across Malta. The Group currently operates approximately 40 shops of which 4 shops are owned by minority shareholders and 1 shop (The Convenience Shop for Puttinu Cares Ltd) is operated for charity.