TheWorks.Co.uk (TheWorks.Co.uk) LT-Debt-to-Total-Asset : 0.45 (As of Oct. 2023)

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What is TheWorks.Co.uk 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. TheWorks.Co.uk's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.45.

TheWorks.Co.uk's long-term debt to total assets ratio increased from Oct. 2022 (0.43) to Oct. 2023 (0.45). It may suggest that TheWorks.Co.uk is progressively becoming more dependent on debt to grow their business.

TheWorks.Co.uk LT-Debt-to-Total-Asset Historical Data

The historical data trend for TheWorks.Co.uk'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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TheWorks.Co.uk LT-Debt-to-Total-Asset Chart

TheWorks.Co.uk Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.01

0.59

0.58

0.57

0.55

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.48	0.57	0.43	0.55	0.45

TheWorks.Co.uk LT-Debt-to-Total-Asset Calculation

TheWorks.Co.uk's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	93.108	/	170.933
	=	0.54

TheWorks.Co.uk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	81.258	/	179.011
	=	0.45

TheWorks.Co.uk (OTCPK:TWRKF) 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.

TheWorks.Co.uk LT-Debt-to-Total-Asset Related Terms

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TheWorks.Co.uk (TheWorks.Co.uk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TheWorks.Co.uk PLC (OTCPK:TWRKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WRKS:UK 6EU:Germany

Address

Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill, Birmingham, GBR, B46 1AL

Website

https://www.theworks.co.uk

TheWorks.Co.uk PLC is a multi-channel specialist retailers. The company's product categories include Books, Stationery, Arts and crafts, and Toys and games. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in EU countries. Some of the company brands include Boldmere, Brain Maze, CMYK Design Works, Corner Piece, Crawford and Black, Easter Wishes, Explore, Learn, Discover, Fun Workz, Make and Create Boutique, The Craft Place, and others. It has one operating segment with two revenue streams, in store and online.

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