AVADA Group (ASX:AVD) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is AVADA Group 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. AVADA Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

AVADA Group's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.30). It may suggest that AVADA Group is progressively becoming more dependent on debt to grow their business.

AVADA Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for AVADA Group'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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AVADA Group LT-Debt-to-Total-Asset Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.03

0.12

0.33

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.10	0.12	-	0.33	0.30

AVADA Group LT-Debt-to-Total-Asset Calculation

AVADA Group'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 )
	=	42.602	/	130.192
	=	0.33

AVADA Group'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 )
	=	39.437	/	132.927
	=	0.30

AVADA Group (ASX:AVD) 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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AVADA Group (ASX:AVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AVADA Group Ltd (ASX:AVD) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.