AMA Group (ASX:AMA) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is AMA Group 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. AMA Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

AMA Group's long-term debt to total assets ratio declined from Dec. 2022 (0.50) to Dec. 2023 (0.39). It may suggest that AMA Group is progressively becoming less dependent on debt to grow their business.

AMA Group LT-Debt-to-Total-Asset Historical Data

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

AMA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.18

0.47

0.39

AMA Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.47	0.50	0.39	0.39

AMA Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	331.092	/	844.923
	=	0.39

AMA Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	320.89	/	830.025
	=	0.39

AMA Group (ASX:AMA) 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.

AMA Group LT-Debt-to-Total-Asset Related Terms

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AMA Group (ASX:AMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AMA Group Ltd (ASX:AMA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AMGRF:USA KC7:Germany

Address

484 St Kilda Road, Level 13, Melbourne, VIC, AUS, 3004

Website

https://www.amagroupltd.com

AMA Group Ltd operates in the wholesale vehicle aftercare and accessories market, including smash repair shops, automotive and electrical components, vehicle protection equipment, and servicing workshops for brakes and transmissions. The group only operates within geographical areas which are Australia and New Zealand. Its reportable segments include Vehicle Collision Repairs; Heavy Motor and Supply. The Vehicle Collision Repairs segment act as a revenue driver for the firm.

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