Apranga APB (OVSE:APG1L) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Apranga APB 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. Apranga APB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Apranga APB's long-term debt to total assets ratio increased from Mar. 2023 (0.30) to Mar. 2024 (0.30). It may suggest that Apranga APB is progressively becoming more dependent on debt to grow their business.

Apranga APB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apranga APB'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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Apranga APB LT-Debt-to-Total-Asset Chart

Apranga APB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.34

0.33

0.29

0.30

Apranga APB 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															0.30	0.32	0.31	0.30	0.30

Apranga APB LT-Debt-to-Total-Asset Calculation

Apranga APB'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 )
	=	47.629	/	160.025
	=	0.30

Apranga APB'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 )
	=	48.721	/	160.351
	=	0.30

Apranga APB (OVSE:APG1L) 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.

Apranga APB LT-Debt-to-Total-Asset Related Terms

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Apranga APB (OVSE:APG1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Apranga APB (OVSE:APG1L) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WHX:Germany

Address

Ukmerges Street 362, Vilnius, LTU, LT-14311

Website

https://www.aprangagroup.com

Apranga APB is a fashion retailer company. It is engaged in the retail distribution of apparel. The company has a partnership with European and global brands. It develops different profile chains or mono-brand stores. The company operates retail multi-brand stores those are Apranga, Aprangos galerija, City and Mados Linija. The company deals in luxury clothes, footwear, and other items. Geographically, the majority of the company's revenue is carried out from Lithuania and also has a presence in Latvia, and Estonia.

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