Fred's (STU:FR1A) LT-Debt-to-Total-Asset : 0.03 (As of Apr. 2019)

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What is Fred's 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. Fred's's long-term debt to total assests ratio for the quarter that ended in Apr. 2019 was 0.03.

Fred's's long-term debt to total assets ratio declined from Apr. 2018 (0.29) to Apr. 2019 (0.03). It may suggest that Fred's is progressively becoming less dependent on debt to grow their business.

Fred's LT-Debt-to-Total-Asset Historical Data

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

Fred's Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

LT-Debt-to-Total-Asset

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0.07

0.18

0.28

0.04

Fred's Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Apr20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.38	0.04	0.03	0.32

Fred's LT-Debt-to-Total-Asset Calculation

Fred's's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2019 is calculated as

LT Debt to Total Assets (A: Jan. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2019 )	/	Total Assets (A: Jan. 2019 )
	=	12.655	/	358.306
	=	0.04

Fred's's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2019 is calculated as

LT Debt to Total Assets (Q: Apr. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2019 )	/	Total Assets (Q: Apr. 2019 )
	=	12.842	/	422.549
	=	0.03

Fred's (STU:FR1A) 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.

Fred's LT-Debt-to-Total-Asset Related Terms

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Fred's (STU:FR1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fred's Inc (STU:FR1A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4300 New Getwell Road, Memphis, TN, USA, 38118

Website

http://www.fredsinc.com

Fred's Inc is a U.S.-based company that is principally engaged in operating retail stores. Most of the company's stores are self-owned stores, with a few franchised stores. The company's sales mix consists of pharmaceuticals, consumables, household goods and softlines, and franchise, with pharmaceuticals contributing a material portion of total revenue. The company owns 100% of the equity stake in Reeves-Sain Drug Store. The company generates revenue from merchandise sales and franchise fee from franchisees. It also sells gift cards. The company conducts operation primarily in the southeast of the United States.

Fred's (STU:FR1A) Headlines

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