Ryanair Holdings (Ryanair Holdings) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Ryanair Holdings 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. Ryanair Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Ryanair Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.20) to Dec. 2023 (0.17). It may suggest that Ryanair Holdings is progressively becoming less dependent on debt to grow their business.

Ryanair Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ryanair Holdings'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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Ryanair Holdings LT-Debt-to-Total-Asset Chart

Ryanair Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.25

0.26

0.30

0.25

0.18

Ryanair Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.19	0.18	0.17	0.17

Ryanair Holdings LT-Debt-to-Total-Asset Calculation

Ryanair Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	3229.443	/	17565.203
	=	0.18

Ryanair Holdings'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 )
	=	2903.817	/	16854.635
	=	0.17

Ryanair Holdings (NAS:RYAAY) 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.

Ryanair Holdings LT-Debt-to-Total-Asset Related Terms

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Ryanair Holdings (Ryanair Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ryanair Holdings PLC (NAS:RYAAY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RYAOF:USA RYAAY:Mexico RYA:Ireland 0RYAl:UK 0RYA:UK RY4C:Germany RY4D:Germany RY4C:Germany RY4D:Germany RY4C:Germany R1YA34:Brazil

Address

Airside Business Park, Swords, Dublin, IRL, K67 NY94

Website

https://www.ryanair.com

Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.