Ashtead Technology Holdings (STU:Y9R) LT-Debt-to-Total-Asset : 0.44 (As of Dec. 2024)

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What is Ashtead Technology Holdings 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. Ashtead Technology Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.44.

Ashtead Technology Holdings's long-term debt to total assets ratio increased from Dec. 2023 (0.33) to Dec. 2024 (0.44). It may suggest that Ashtead Technology Holdings is progressively becoming more dependent on debt to grow their business.

Ashtead Technology Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashtead Technology Holdings'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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Ashtead Technology Holdings LT-Debt-to-Total-Asset Chart

Ashtead Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.39

0.27

0.33

0.44

Ashtead Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.27	0.23	0.33	0.34	0.44

Ashtead Technology Holdings LT-Debt-to-Total-Asset Calculation

Ashtead Technology Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	168.284	/	378.623
	=	0.44

Ashtead Technology Holdings'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 )
	=	168.284	/	378.623
	=	0.44

Ashtead Technology Holdings (STU:Y9R) 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.

Ashtead Technology Holdings LT-Debt-to-Total-Asset Related Terms

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Ashtead Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashtead Technology Holdings PLC (STU:Y9R) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AT.:UK Y9R:Germany

Address

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG

Website

https://www.ashtead-technology.com

Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

Ashtead Technology Holdings Headlines

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