Codan (STU:UL4) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2024)

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What is Codan 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. Codan's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.22.

Codan's long-term debt to total assets ratio increased from Dec. 2023 (0.20) to Dec. 2024 (0.22). It may suggest that Codan is progressively becoming more dependent on debt to grow their business.

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

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

Codan Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.08

0.10

0.13

0.17

0.18

Codan Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.20	0.18	0.22

Codan LT-Debt-to-Total-Asset Calculation

Codan's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	82.88	/	474.192
	=	0.17

Codan's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	116.154	/	538.369
	=	0.22

Codan (STU:UL4) 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.

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

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Codan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (STU:UL4) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CDA:Australia

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGOs), and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture, and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture, and marketing of metal detection equipment; The Other business segment relates to the Tracking Solutions which include the design, manufacture, maintenance, and support of a range of electronic products. The firm generates the majority of its revenue from the Communications segment.

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