Sainsbury (J) (Sainsbury (J)) LT-Debt-to-Total-Asset : 0.24 (As of Feb. 2024)

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What is Sainsbury (J) 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. Sainsbury (J)'s long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.24.

Sainsbury (J)'s long-term debt to total assets ratio increased from Feb. 2023 (0.21) to Feb. 2024 (0.24). It may suggest that Sainsbury (J) is progressively becoming more dependent on debt to grow their business.

Sainsbury (J) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sainsbury (J)'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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Sainsbury (J) LT-Debt-to-Total-Asset Chart

Sainsbury (J) Annual Data

Trend

Mar14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

LT-Debt-to-Total-Asset

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0.22

0.23

0.24

0.25

0.21

Sainsbury (J) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.25	0.21	0.23	0.24

Sainsbury (J) LT-Debt-to-Total-Asset Calculation

Sainsbury (J)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	6713.768	/	31591.787
	=	0.21

Sainsbury (J)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	7536.616	/	31642.677
	=	0.24

Sainsbury (J) (OTCPK:JSAIY) 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.

Sainsbury (J) LT-Debt-to-Total-Asset Related Terms

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Sainsbury (J) (Sainsbury (J)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sainsbury (J) PLC (OTCPK:JSAIY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JSNSF:USA SBRYl:UK SBRY:UK SUY1:Germany

Address

33 Holborn, London, GBR, EC1N 2HT

Website

https://www.about.sainsburys.co.uk

Founded in 1869, Sainsbury's is the second-largest U.K. grocery chain with around 16% market share. It operates around 600 supermarkets and 800 convenience stores, all in the U.K. The company has diversified away from core food by selling clothing, telecom equipment, and other nonfood items. In September 2016, it took a step further into nonfood retailing with the purchase of Home Retail Group, operating the Habitat and Argos chains (general merchandise and electronics stores), for GBP 1.10 billion. It has been selling products online since 1997.

Sainsbury (J) (Sainsbury (J)) Headlines

From GuruFocus

Sainsbury (J) PLC Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-02-2021