Burger Fuel Group (NZSE:BFG) LT-Debt-to-Total-Asset : 0.52 (As of Mar. 2024)

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What is Burger Fuel Group 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. Burger Fuel Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.52.

Burger Fuel Group's long-term debt to total assets ratio declined from Mar. 2023 (0.56) to Mar. 2024 (0.52). It may suggest that Burger Fuel Group is progressively becoming less dependent on debt to grow their business.

Burger Fuel Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Burger Fuel Group'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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Burger Fuel Group LT-Debt-to-Total-Asset Chart

Burger Fuel Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.63

0.64

0.62

0.56

0.52

Burger Fuel Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.62	-	0.56	-	0.52

Burger Fuel Group LT-Debt-to-Total-Asset Calculation

Burger Fuel Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	20.663	/	39.782
	=	0.52

Burger Fuel Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	20.663	/	39.782
	=	0.52

Burger Fuel Group (NZSE:BFG) 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.

Burger Fuel Group LT-Debt-to-Total-Asset Related Terms

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Burger Fuel Group (NZSE:BFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Burger Fuel Group Ltd (NZSE:BFG) » Definitions » LT-Debt-to-Total-Asset

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Address

66 Surrey Crescent, Grey Lynn, Auckland, NTL, NZL, 1021

Website

https://www.burgerfuel.com

Burger Fuel Group Ltd engages in the development and management of both franchised and company-owned gourmet burger restaurants. It offers Grass Fed Beef, Free Range Chicken, Gourmet Minis, Gourmet Sides, Drinks, Sauces, and others. The company operates in two segments consisting of geographical locations including New Zeal and the International market. It derives a majority of its revenue from New Zealand.

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