PZ Cussons Nigeria (NSA:PZ) LT-Debt-to-Total-Asset : 0.33 (As of Feb. 2024)

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What is PZ Cussons Nigeria 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. PZ Cussons Nigeria's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.33.

PZ Cussons Nigeria's long-term debt to total assets ratio increased from Feb. 2023 (0.12) to Feb. 2024 (0.33). It may suggest that PZ Cussons Nigeria is progressively becoming more dependent on debt to grow their business.

PZ Cussons Nigeria LT-Debt-to-Total-Asset Historical Data

The historical data trend for PZ Cussons Nigeria'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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PZ Cussons Nigeria LT-Debt-to-Total-Asset Chart

PZ Cussons Nigeria Annual Data

Trend

May14

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May23

LT-Debt-to-Total-Asset

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0.11

PZ Cussons Nigeria Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.11	0.15	0.23	0.33

PZ Cussons Nigeria LT-Debt-to-Total-Asset Calculation

PZ Cussons Nigeria's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	18843.223	/	166365.886
	=	0.11

PZ Cussons Nigeria's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	62425.942	/	191195.277
	=	0.33

PZ Cussons Nigeria (NSA:PZ) 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.

PZ Cussons Nigeria LT-Debt-to-Total-Asset Related Terms

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PZ Cussons Nigeria Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PZ Cussons Nigeria PLC (NSA:PZ) » Definitions » LT-Debt-to-Total-Asset

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Address

3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG

Website

https://www.pzcussons.com

PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.

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