Clarke (TSX:CKI) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2024)

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

Clarke's long-term debt to total assets ratio declined from Sep. 2023 (0.42) to Sep. 2024 (0.36). It may suggest that Clarke is progressively becoming less dependent on debt to grow their business.

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

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

Clarke Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.40

0.36

0.38

0.32

Clarke Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.32	0.35	0.36	0.36

Clarke LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	126.176	/	395.13
	=	0.32

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	166.543	/	469.447
	=	0.35

Clarke (TSX:CKI) 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.

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

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Clarke Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Clarke Inc (TSX:CKI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CLKFF:USA

Address

145 Hobsons Lake Drive, Suite 106, Halifax, NS, CAN, B3S 0H9

Website

https://www.clarkeinc.com

Clarke Inc is an investment holding company and real estate company that invests in a diversified group of businesses and across real estate sectors, operating predominantly in Canada. The company operates in two segments namely, Investment and Hospitality. The Investment segment includes investments in a diversified group of businesses. The Hospitality segment includes the ownership and operation of hotels and the provision of hotel management services to third parties by Holloway. The maximum revenue for the company is generated from the Hospitality Segment.

Executives

Sime Armoyan	10% Security Holder
Brian Alan Luborsky	Director
Charles Pellerin	Director
Michael Rapps	Director, Director or Senior Officer of 10% Security Holder
Lotan Holdings Inc.	10% Security Holder
Clarke Inc.	Issuer

Clarke Headlines

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