Leon's Furniture (TSX:LNF) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2024)

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What is Leon's Furniture 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. Leon's Furniture's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.15.

Leon's Furniture's long-term debt to total assets ratio declined from Dec. 2023 (0.17) to Dec. 2024 (0.15). It may suggest that Leon's Furniture is progressively becoming less dependent on debt to grow their business.

Leon's Furniture LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leon's Furniture'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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Leon's Furniture LT-Debt-to-Total-Asset Chart

Leon's Furniture Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.17

0.12

0.22

0.17

0.15

Leon's Furniture 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															0.17	0.17	0.17	0.15	0.15

Leon's Furniture LT-Debt-to-Total-Asset Calculation

Leon's Furniture'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 )
	=	338.36	/	2340.686
	=	0.14

Leon's Furniture'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 )
	=	338.36	/	2340.686
	=	0.14

Leon's Furniture (TSX:LNF) 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.

Leon's Furniture LT-Debt-to-Total-Asset Related Terms

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Leon's Furniture Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Leon's Furniture Ltd (TSX:LNF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LEFUF:USA 74W:Germany

Address

45 Gordon Mackay Road, Toronto, ON, CAN, M9N 3X3

Website

https://www.leons.ca

Leon's Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country's commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores. The company has two operating segments, Leon's and The Brick.

Executives

John Andrew Cooney	Senior Officer
Terrence Leon	Director, Senior Officer
Constantine Pefanis	Senior Officer
Gregory Paul Nakonechny	Senior Officer
Edward F. Leon	Director, Senior Officer
Joseph Michael Leon	Director
David Brian Freeman	Senior Officer
Graeme Leon	Senior Officer
Orest Pyshniak	Senior Officer
Timmyal Limited	10% Security Holder
Antomel Limited	10% Security Holder
Mark Leon	Director

Leon's Furniture Headlines

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