Pyne Gould (NZSE:PGC) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2017)

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What is Pyne Gould 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. Pyne Gould's long-term debt to total assests ratio for the quarter that ended in Dec. 2017 was 0.37.

Pyne Gould's long-term debt to total assets ratio increased from Dec. 2016 (0.27) to Dec. 2017 (0.37). It may suggest that Pyne Gould is progressively becoming more dependent on debt to grow their business.

Pyne Gould LT-Debt-to-Total-Asset Historical Data

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

Pyne Gould Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

LT-Debt-to-Total-Asset

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0.21

0.30

0.38

Pyne Gould Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.27	0.30	0.37	0.38

Pyne Gould LT-Debt-to-Total-Asset Calculation

Pyne Gould's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2018 is calculated as

LT Debt to Total Assets (A: Jun. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2018 )	/	Total Assets (A: Jun. 2018 )
	=	103.491	/	269.276
	=	0.38

Pyne Gould's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2017 is calculated as

LT Debt to Total Assets (Q: Dec. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2017 )	/	Total Assets (Q: Dec. 2017 )
	=	94.712	/	256.917
	=

Pyne Gould (NZSE:PGC) 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.

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Pyne Gould (NZSE:PGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pyne Gould Corp Ltd (NZSE:PGC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.pgc.co.nz

Pyne Gould Corp Ltd is a wealth management company. The company operates in various business segments that include Torchlight Segment; which provides investment management services and a proprietary investor, Property Group segment; which manages group's property assets, and Parent Company segment; which hold investments in subsidiaries. The Torchlight business segment generates maximum revenue for the company. Geographically the company exports its products to Australia and Cayman Islands regions. The Australian region generates maximum revenue for the company.