Dominion Lending Centres (TSX:DLCG) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is Dominion Lending Centres 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. Dominion Lending Centres's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Dominion Lending Centres's long-term debt to total assets ratio declined from Dec. 2023 (0.16) to Dec. 2024 (0.12). It may suggest that Dominion Lending Centres is progressively becoming less dependent on debt to grow their business.

Dominion Lending Centres LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres LT-Debt-to-Total-Asset Chart

Dominion Lending Centres Annual Data

Trend

Sep14

Sep15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.14

0.15

0.16

0.12

Dominion Lending Centres Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.14	0.13	0.12

Dominion Lending Centres LT-Debt-to-Total-Asset Calculation

Dominion Lending Centres'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 )
	=	26.635	/	218.89
	=	0.12

Dominion Lending Centres'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 )
	=	26.635	/	218.89
	=	0.12

Dominion Lending Centres (TSX:DLCG) 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.

Dominion Lending Centres LT-Debt-to-Total-Asset Related Terms

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Dominion Lending Centres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dominion Lending Centres Inc (TSX:DLCG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BRLGF:USA

Address

2215 Coquitlam Avenue, Port Coquitlam, BC, CAN, V3B 1J6

Website

https://www.dlcg.ca

Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.

Executives

James Geral Bell	Director
Geoffrey Charles Willis	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Trevor Bruno	Director
Richard George Spence	Senior Officer
Jose Pinheiro	Senior Officer
Edward Cocciollo	Senior Officer
Dennis Frank Sykora	Director
Ronald Philippe Gratton	Director
Dustan Haney Woodhouse	Senior Officer
Belkorp Industries Inc.	10% Security Holder
Amardeep Leekha	Senior Officer
Gary Brian Mauris	Director
Christopher Mark Kayat	Director
Dominion Lending Centres Inc.	Issuer
Robin Candice Burpee	Senior Officer

Dominion Lending Centres Headlines

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