Livestock Improvement (NZSE:LIC) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2023)

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What is Livestock Improvement 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. Livestock Improvement's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.00.

Livestock Improvement's long-term debt to total assets ratio declined from May. 2022 (0.04) to Nov. 2023 (0.00). It may suggest that Livestock Improvement is progressively becoming less dependent on debt to grow their business.

Livestock Improvement LT-Debt-to-Total-Asset Historical Data

The historical data trend for Livestock Improvement'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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Livestock Improvement LT-Debt-to-Total-Asset Chart

Livestock Improvement Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

LT-Debt-to-Total-Asset

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0.04

Livestock Improvement Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	-	0.04	-	-

Livestock Improvement LT-Debt-to-Total-Asset Calculation

Livestock Improvement's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2022 is calculated as

LT Debt to Total Assets (A: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2022 )	/	Total Assets (A: May. 2022 )
	=	14.631	/	385.61
	=	0.04

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

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	0	/	410.543
	=	0.00

Livestock Improvement (NZSE:LIC) 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.

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Livestock Improvement (NZSE:LIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Livestock Improvement Corp Ltd (NZSE:LIC) » Definitions » LT-Debt-to-Total-Asset

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Address

605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286

Website

https://www.lic.co.nz

Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

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