Select Harvests (ASX:SHV) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Select Harvests 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. Select Harvests's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Select Harvests's long-term debt to total assets ratio increased from Mar. 2023 (0.41) to Mar. 2024 (0.44). It may suggest that Select Harvests is progressively becoming more dependent on debt to grow their business.

Select Harvests LT-Debt-to-Total-Asset Historical Data

The historical data trend for Select Harvests'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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Select Harvests LT-Debt-to-Total-Asset Chart

Select Harvests Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.06

0.35

0.32

0.34

0.42

Select Harvests Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.34	0.41	0.42	0.44

Select Harvests LT-Debt-to-Total-Asset Calculation

Select Harvests's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	387.536	/	913.25
	=	0.42

Select Harvests's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	444.268	/	1022.11
	=	0.43

Select Harvests (ASX:SHV) 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.

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Select Harvests (ASX:SHV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Select Harvests Ltd (ASX:SHV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SHVTF:USA H0I:Germany

Address

570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121

Website

https://www.selectharvests.com.au

Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.