NTAW Holdings (ASX:NTD) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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

NTAW Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.36) to Dec. 2023 (0.39). It may suggest that NTAW Holdings is progressively becoming more dependent on debt to grow their business.

NTAW Holdings LT-Debt-to-Total-Asset Historical Data

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

NTAW Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

0.17

0.25

0.35

0.37

NTAW Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.34	0.35	0.36	0.37	0.39

NTAW Holdings LT-Debt-to-Total-Asset Calculation

NTAW Holdings'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 )
	=	139.285	/	376.047
	=	0.37

NTAW Holdings'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 )
	=	146.052	/	375.188
	=	0.39

NTAW Holdings (ASX:NTD) 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.

NTAW Holdings LT-Debt-to-Total-Asset Related Terms

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NTAW Holdings (ASX:NTD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 MacArthur Avenue, Level 2, Hamilton, QLD, AUS, 4007

Website

https://www.ntaw.com.au

National Tyre & Wheel Ltd is engaged in the distribution and marketing of motor vehicle tires, wheels, tubes, and related products. It distributes its products in Australia, New Zealand, and South Africa. The company generates maximum revenue from Australia.

NTAW Holdings (ASX:NTD) Headlines

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