NZME (NZSE:NZM) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is NZME 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. NZME's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

NZME's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.33). It may suggest that NZME is progressively becoming less dependent on debt to grow their business.

NZME LT-Debt-to-Total-Asset Historical Data

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

NZME Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.49

0.42

0.27

0.34

0.33

NZME Semi-Annual Data
	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											0.27	0.29	0.34	0.25	0.33

NZME LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	95.595	/	290.399
	=	0.33

NZME'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 )
	=	95.595	/	290.399
	=	0.33

NZME (NZSE:NZM) 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.

NZME LT-Debt-to-Total-Asset Related Terms

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NZME (NZSE:NZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » NZME Ltd (NZSE:NZM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NZM:Australia

Address

2 Graham Street, Auckland, NZL, 1010

Website

https://www.nzme.co.nz

NZME Ltd is New Zealand based company. The company operates in 3 business segments, 1) Audio segment includes terrestrial radio stations, digital iHeartRadio, podcasts and Radio brand websites. 2) Publishing segment includes print publications (excluding dedicated real estate publications) and digital news websites including nzherald.co.nz. and BusinessDesk. 3) OneRoof segment comprises oneroof.co.nz and dedicated real estate print publications.

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