Legg Mason (Legg Mason) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2020)

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What is Legg Mason 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. Legg Mason's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.28.

Legg Mason's long-term debt to total assets ratio declined from Jun. 2019 (0.29) to Jun. 2020 (0.28). It may suggest that Legg Mason is progressively becoming less dependent on debt to grow their business.

Legg Mason LT-Debt-to-Total-Asset Historical Data

The historical data trend for Legg Mason'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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Legg Mason LT-Debt-to-Total-Asset Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

LT-Debt-to-Total-Asset

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0.23

0.27

0.25

0.28

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.29	0.28	0.28	0.28

Legg Mason LT-Debt-to-Total-Asset Calculation

Legg Mason's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (A: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2020 )	/	Total Assets (A: Mar. 2020 )
	=	2251.47	/	8006.12
	=	0.28

Legg Mason's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	2242.095	/	7917.437
	=	0.28

Legg Mason (NYSE:LM) 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.

Legg Mason LT-Debt-to-Total-Asset Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » LT-Debt-to-Total-Asset

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Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.