Citi Trends (STU:WW2) LT-Debt-to-Total-Asset : 0.36 (As of Jul. 2024)

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What is Citi Trends 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. Citi Trends's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.36.

Citi Trends's long-term debt to total assets ratio declined from Jul. 2023 (0.38) to Jul. 2024 (0.36). It may suggest that Citi Trends is progressively becoming less dependent on debt to grow their business.

Citi Trends LT-Debt-to-Total-Asset Historical Data

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

Citi Trends Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.30

0.36

0.40

0.36

Citi Trends Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.36	0.38	0.36	0.38

Citi Trends LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	173.328	/	476.186
	=	0.36

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	168.605	/	467.206
	=	0.36

Citi Trends (STU:WW2) 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.

Citi Trends LT-Debt-to-Total-Asset Related Terms

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Citi Trends Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Citi Trends Inc (STU:WW2) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CTRN:USA WW2:Germany

Address

104 Coleman Boulevard, Savannah, GA, USA, 31408

Website

https://www.cititrends.com

Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books and toys.

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