Shaw Communications (Shaw Communications) LT-Debt-to-Total-Asset : 0.32 (As of Nov. 2022)

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What is Shaw Communications 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. Shaw Communications's long-term debt to total assests ratio for the quarter that ended in Nov. 2022 was 0.32.

Shaw Communications's long-term debt to total assets ratio declined from Nov. 2021 (0.36) to Nov. 2022 (0.32). It may suggest that Shaw Communications is progressively becoming less dependent on debt to grow their business.

Shaw Communications LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shaw Communications'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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Shaw Communications LT-Debt-to-Total-Asset Chart

Shaw Communications Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

LT-Debt-to-Total-Asset

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0.30

0.26

0.35

0.36

0.35

Shaw Communications Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.36	0.36	0.35	0.32

Shaw Communications LT-Debt-to-Total-Asset Calculation

Shaw Communications's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2022 is calculated as

LT Debt to Total Assets (A: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2022 )	/	Total Assets (A: Aug. 2022 )
	=	4311.373	/	12207.169
	=	0.35

Shaw Communications's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2022 is calculated as

LT Debt to Total Assets (Q: Nov. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2022 )	/	Total Assets (Q: Nov. 2022 )
	=	3746.749	/	11691.313
	=	0.32

Shaw Communications (NYSE:SJR) 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.

Shaw Communications LT-Debt-to-Total-Asset Related Terms

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Shaw Communications (Shaw Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Shaw Communications Inc (NYSE:SJR) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

630 - 3rd Avenue S.W., Suite 900, Finance Department, Calgary, AB, CAN, T2P 4L4

Website

https://www.shaw.ca

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw now also offers wireless service over most of Canada's population footprint after acquiring Wind Mobile in 2016. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.