Lanebury Growth Capital (XCNQ:LLL) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Lanebury Growth Capital 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. Lanebury Growth Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Lanebury Growth Capital's long-term debt to total assets ratio declined from Mar. 2023 (0.48) to Mar. 2024 (0.00). It may suggest that Lanebury Growth Capital is progressively becoming less dependent on debt to grow their business.

Lanebury Growth Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lanebury Growth Capital'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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Lanebury Growth Capital LT-Debt-to-Total-Asset Chart

Lanebury Growth Capital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.11

0.16

0.68

Lanebury Growth Capital 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															0.48	0.68	0.71	-	-

Lanebury Growth Capital LT-Debt-to-Total-Asset Calculation

Lanebury Growth Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	4.901	/	7.213
	=

Lanebury Growth Capital'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 )
	=	0.027	/	6.259
	=

Lanebury Growth Capital (XCNQ:LLL) 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.

Lanebury Growth Capital LT-Debt-to-Total-Asset Related Terms

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Lanebury Growth Capital (XCNQ:LLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lanebury Growth Capital Ltd (XCNQ:LLL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Lanebury Growth Capital Ltd is an investment company. Principally, it is focused on building a portfolio of investments mainly in technology start-ups. Additionally, the company targets investments that have a monthly revenue model and can be scaled easily using the internet and mobile technologies.

Executives

Gary Schroeder

Director

Lanebury Growth Capital (XCNQ:LLL) Headlines

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