Manchester United (Manchester United) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Manchester United 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. Manchester United's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Manchester United's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Dec. 2023 (0.35). It may suggest that Manchester United is progressively becoming less dependent on debt to grow their business.

Manchester United LT-Debt-to-Total-Asset Historical Data

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

Manchester United Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.34

0.38

0.37

0.41

0.39

Manchester United Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.38	0.39	0.35	0.35

Manchester United LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	650.479	/	1664.071
	=	0.39

Manchester United'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 )
	=	650.903	/	1863.306
	=	0.35

Manchester United (NYSE:MANU) 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.

Manchester United LT-Debt-to-Total-Asset Related Terms

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Manchester United (Manchester United) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manchester United PLC (NYSE:MANU) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MUF:Germany MUF:Germany

Address

Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA

Website

https://www.manutd.com

Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.