Canada Goose Holdings (TSX:GOOS) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2024)

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What is Canada Goose 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. Canada Goose Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.45.

Canada Goose Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.46) to Sep. 2024 (0.45). It may suggest that Canada Goose Holdings is progressively becoming less dependent on debt to grow their business.

Canada Goose Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canada Goose 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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Canada Goose Holdings LT-Debt-to-Total-Asset Chart

Canada Goose Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.32

0.39

0.42

0.41

0.43

Canada Goose Holdings 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															0.46	0.39	0.43	0.49	0.45

Canada Goose Holdings LT-Debt-to-Total-Asset Calculation

Canada Goose Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	639.1	/	1481.6
	=	0.43

Canada Goose Holdings'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 )
	=	701	/	1566.7
	=	0.45

Canada Goose Holdings (TSX:GOOS) 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.

Canada Goose Holdings LT-Debt-to-Total-Asset Related Terms

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Canada Goose Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Canada Goose Holdings Inc (TSX:GOOS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GOOS:USA 1GC:Germany

Address

100 Queens Quay East, Floor 22, Toronto, ON, CAN, M5E 1V3

Website

https://www.canadagoose.com

Canada Goose Holdings Inc is a Canada-based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, individual shops, and international distributors. Geographically, it has a presence in Canada, the United States, Asia, Europe, and the Rest of the World.