Auto Trader Group (CHIX:AUTOL) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Auto Trader 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. Auto Trader Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Auto Trader Group's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.05). It may suggest that Auto Trader Group is progressively becoming less dependent on debt to grow their business.

Auto Trader Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Auto Trader 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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Auto Trader Group LT-Debt-to-Total-Asset Chart

Auto Trader Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.62

0.06

0.01

0.09

0.05

Auto Trader Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.12	0.09	0.08	0.05

Auto Trader Group LT-Debt-to-Total-Asset Calculation

Auto Trader Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	30.1	/	658
	=	0.05

Auto Trader Group'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 )
	=	30.1	/	658
	=	0.05

Auto Trader Group (CHIX:AUTOl) 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.

Auto Trader Group LT-Debt-to-Total-Asset Related Terms

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Auto Trader Group (CHIX:AUTOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Auto Trader Group PLC (CHIX:AUTOl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ATDRY:USA AUTO:UK 2UA:Germany

Address

1 Tony Wilson Place, 4th Floor, Manchester, GBR, M15 4FN

Website

https://www.autotrader.co.uk

Auto Trader Group PLC is a digital automotive marketplace based in the UK and Ireland, which provides trading channels for a range of vehicles such as cars, trucks, vans, bikes, and farm machinery, as well as relevant services such as car insurance, loans, valuations, and vehicle check services. The company generates revenue from three streams. It derives trade revenue from retailers and home traders advertising vehicles and using Auto Trader's products, which represent the majority of the group income. Consumer services revenue stems from private sellers placing advertisements and from the company's partners who provide services to consumers. Display advertising revenue is earned from manufacturers or their advertising agencies, which advertise their brand or services on the marketplace.

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