Fletcher Building (NZSE:FBU) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Fletcher Building 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. Fletcher Building's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Fletcher Building's long-term debt to total assets ratio increased from Dec. 2022 (0.35) to Dec. 2023 (0.39). It may suggest that Fletcher Building is progressively becoming more dependent on debt to grow their business.

Fletcher Building LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fletcher Building'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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Fletcher Building LT-Debt-to-Total-Asset Chart

Fletcher Building Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.14

0.31

0.28

0.29

0.34

Fletcher Building Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.29	0.35	0.34	0.39

Fletcher Building LT-Debt-to-Total-Asset Calculation

Fletcher Building'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 )
	=	3119	/	9081
	=	0.34

Fletcher Building'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 )
	=	3501	/	8925
	=	0.39

Fletcher Building (NZSE:FBU) 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.

Fletcher Building LT-Debt-to-Total-Asset Related Terms

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Fletcher Building (NZSE:FBU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Fletcher Building Ltd (NZSE:FBU) » Definitions » LT-Debt-to-Total-Asset

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FRCEF:USA FCREY:USA FBU:Australia

Address

810 Great South Road, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.fletcherbuilding.com

Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Having previously expanded internationally through acquisitions, operations have gradually refocused on the New Zealand and Australian businesses.

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