Inchcape (LSE:INCH) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

View and export this data going back to 1958. Start your Free Trial

What is Inchcape 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. Inchcape's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Inchcape's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.14). It may suggest that Inchcape is progressively becoming less dependent on debt to grow their business.

Inchcape LT-Debt-to-Total-Asset Historical Data

The historical data trend for Inchcape'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.

Inchcape LT-Debt-to-Total-Asset Chart

Inchcape Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.13

0.19

0.14

Inchcape Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.19	0.19	0.14

Inchcape LT-Debt-to-Total-Asset Calculation

Inchcape'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 )
	=	997	/	7139
	=	0.14

Inchcape's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	997	/	7139
	=	0.14

Inchcape (LSE:INCH) 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.

Inchcape LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Inchcape's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Inchcape (LSE:INCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inchcape PLC (LSE:INCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IHCPF:USA INCHl:UK IJCA:Germany

Address

22a St James's Square, London, GBR, SW1Y 5LP

Website

https://www.inchcape.com

Inchcape PLC, headquartered in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has four reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Europe, Asia Pacific (APAC), the Americas, and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company's profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.

Inchcape (LSE:INCH) Headlines

No Headlines