Next 15 Group (LSE:NFG) LT-Debt-to-Total-Asset : 0.11 (As of Jan. 2024)

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What is Next 15 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. Next 15 Group's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.11.

Next 15 Group's long-term debt to total assets ratio increased from Jan. 2023 (0.09) to Jan. 2024 (0.11). It may suggest that Next 15 Group is progressively becoming more dependent on debt to grow their business.

Next 15 Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Next 15 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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Next 15 Group LT-Debt-to-Total-Asset Chart

Next 15 Group Annual Data

Trend

Jul13

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.24

0.12

0.10

0.09

0.11

Next 15 Group Semi-Annual Data
	Jul13	Jan14	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.13	0.09	0.12	0.11

Next 15 Group LT-Debt-to-Total-Asset Calculation

Next 15 Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	67.54	/	591.62
	=	0.11

Next 15 Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	67.54	/	591.62
	=	0.11

Next 15 Group (LSE:NFG) 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.

Next 15 Group LT-Debt-to-Total-Asset Related Terms

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Next 15 Group (LSE:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next 15 Group PLC (LSE:NFG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NXFNF:USA

Address

60 Great Portland Street, London, GBR, W1W 7RT

Website

https://www.next15.com

Next 15 Group PLC is a digital marketing company in the United Kingdom. The company segments include Customer Engage; Customer Delivery; Customer Insight and Business Transformation. It generates maximum revenue from the Customer Engage segment.