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Kindred Group (Kindred Group) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)


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What is Kindred 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. Kindred Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Kindred Group's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.12). It may suggest that Kindred Group is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Kindred 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.

* Premium members only.

Kindred Group LT-Debt-to-Total-Asset Chart

Kindred Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.17 0.13 0.14 0.14

Kindred Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.17 0.16 0.14 0.12

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

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

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=212.278/1473.924
=0.14

Kindred 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 )
=174.841/1467.471
=0.12

* 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.

Kindred Group  (OTCPK:KNDGF) 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.

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

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Kindred Group (Kindred Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kindred Group PLC (OTCPK:KNDGF) » Definitions » LT-Debt-to-Total-Asset
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OSTO:BETS B OSTO:KAMBI XSAT:ANGL OSTO:ACROUD XSAT:FABLE XSAT:BLICK OSTO:TANGI LSE:FLTR OSTO:EVO DKNG ASX:ALL CHDN LNW XPAR:FDJ ASX:TLC LSE:ENT ATH:OPAP IGT MIL:LTMC TSE:6417
Traded in Other Exchanges
KIND SDB:Sweden KINDs:UK 0RDS:UK UNBA:Germany UNBA:Germany
Address
C/o Camilleri Preziosi, South Street, Level 2, Valletta Buildings, Valletta, MLT, VLT 1103
Website
https://www.kindredgroup.com
Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.

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