Kinovo (STU:0D6) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Kinovo 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. Kinovo's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Kinovo's long-term debt to total assets ratio increased from Sep. 2022 (0.02) to Sep. 2023 (0.02). It may suggest that Kinovo is progressively becoming more dependent on debt to grow their business.

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

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

Kinovo Annual Data

Trend

Jan14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.05

0.13

0.03

Kinovo Semi-Annual Data
	Jan12	Jan13	Jan14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.03	0.02	0.03	0.02

Kinovo LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.654	/	24.89
	=	0.03

Kinovo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.596	/	25.825
	=	0.02

Kinovo (STU:0D6) 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.

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

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Kinovo (STU:0D6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kinovo PLC (STU:0D6) » Definitions » LT-Debt-to-Total-Asset

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KINO:UK

Address

201 Temple Chambers, 3–7 Temple Avenue, London, GBR, EC4Y 0DT

Website

https://www.kinovoplc.com

Kinovo PLC provides electrical, mechanical, building repair and maintenance, as well as construction services. It focuses on assuring safety and regulatory compliance standards in homes and places of work, creating and enhancing dwellings and workplaces to support sustainable and resilient communities, and providing energy-efficient solutions that reduce carbon footprint.

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