FRP Advisory Group (LSE:FRP) LT-Debt-to-Total-Asset : 0.06 (As of Oct. 2023)

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What is FRP Advisory 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. FRP Advisory Group's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.06.

FRP Advisory Group's long-term debt to total assets ratio declined from Oct. 2022 (0.08) to Oct. 2023 (0.06). It may suggest that FRP Advisory Group is progressively becoming less dependent on debt to grow their business.

FRP Advisory Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for FRP Advisory 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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FRP Advisory Group LT-Debt-to-Total-Asset Chart

FRP Advisory Group Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.17

0.05

0.11

0.10

0.08

FRP Advisory Group Semi-Annual Data
	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.11	0.10	0.08	0.08	0.06

FRP Advisory Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	8.5	/	108.9
	=	0.08

FRP Advisory Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	6.9	/	109.3
	=	0.06

FRP Advisory Group (LSE:FRP) 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.

FRP Advisory Group LT-Debt-to-Total-Asset Related Terms

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FRP Advisory Group (LSE:FRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FRP Advisory Group PLC (LSE:FRP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6S6:Germany

Address

110 Cannon Street, London, GBR, EC4N 6EU

Website

https://www.frpadvisory.com

FRP Advisory Group PLC is a professional services firm offering advisory services to companies, lenders, investors, and other stakeholders, as well as individuals. The company's services include Restructuring advisory; Corporate finance; Debt advisory; Forensic services; and Pension advisory. The group's revenue is derived from the provision of specialist business and advisory services. It advises across multiple sectors and all business sizes, principally servicing smaller and mid-market companies.

FRP Advisory Group (LSE:FRP) Headlines

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