Kelly Partners Group Holdings (ASX:KPG) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is Kelly Partners Group 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. Kelly Partners Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Kelly Partners Group Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.20) to Dec. 2023 (0.40). It may suggest that Kelly Partners Group Holdings is progressively becoming more dependent on debt to grow their business.

Kelly Partners Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kelly Partners Group 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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Kelly Partners Group Holdings LT-Debt-to-Total-Asset Chart

Kelly Partners Group Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.26

0.33

0.31

0.37

Kelly Partners Group Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.30	0.37	0.20	0.37	0.40

Kelly Partners Group Holdings LT-Debt-to-Total-Asset Calculation

Kelly Partners Group Holdings'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 )
	=	49.099	/	132.587
	=	0.37

Kelly Partners Group 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 )
	=	62.19	/	154.116
	=	0.40

Kelly Partners Group Holdings (ASX:KPG) 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.

Kelly Partners Group Holdings LT-Debt-to-Total-Asset Related Terms

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Kelly Partners Group Holdings (ASX:KPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Partners Group Holdings Ltd (ASX:KPG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KPGHF:USA

Address

32 Walker Street, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.kellypartnersgroup.com.au

Kelly Partners Group Holdings Ltd operates a chartered accounting business which assists small and medium enterprises, private business owners and high net worth individuals to manage their accounting, taxation, audit, and wealth management activities. The company's operating segment include Accounting and Other services. It generates maximum revenue from the Accounting segment. The Accounting segment includes accounting and taxation services, corporate secretarial, outsourced CFO, audits, business structuring, bookkeeping, and all other accounting related services. Other services segment includes financial broking services, wealth management, corporate advisory, investment office, and all other non-accounting services.

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