Alliance Entertainment Holding (Alliance Entertainment Holding) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Alliance Entertainment Holding 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. Alliance Entertainment Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Alliance Entertainment Holding's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.29). It may suggest that Alliance Entertainment Holding is progressively becoming more dependent on debt to grow their business.

Alliance Entertainment Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alliance Entertainment Holding'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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Alliance Entertainment Holding LT-Debt-to-Total-Asset Chart

Alliance Entertainment Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.16

0.02

Alliance Entertainment Holding Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.03	0.02	0.02	0.26	0.29

Alliance Entertainment Holding LT-Debt-to-Total-Asset Calculation

Alliance Entertainment Holding'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 )
	=	8.551	/	389.53
	=	0.02

Alliance Entertainment Holding'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 )
	=	93.286	/	324.021
	=	0.29

Alliance Entertainment Holding (NAS:AENT) 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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Alliance Entertainment Holding (Alliance Entertainment Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alliance Entertainment Holding Corp (NAS:AENT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 Peters Road, Suite 1000, Plantation, FL, USA, 33324

Website

https://www.aent.com

Alliance Entertainment Holding Corp is a top tier distributor of music, movies, and consumer electronics. It offers more than 485,000 SKU products, consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.