Northcoders Group (LSE:CODE) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Northcoders 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. Northcoders Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Northcoders Group's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.09). It may suggest that Northcoders Group is progressively becoming less dependent on debt to grow their business.

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

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

Northcoders Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.70

0.28

0.16

0.09

Northcoders Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.28	0.22	0.16	0.11	0.09

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

Northcoders Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.628	/	7.264
	=	0.09

Northcoders 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 )
	=	0.628	/	7.264
	=	0.09

Northcoders Group (LSE:CODE) 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.

Northcoders Group LT-Debt-to-Total-Asset Related Terms

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Northcoders Group (LSE:CODE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Northcoders Group PLC (LSE:CODE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Oxford Road, Manchester Technology Centre, Lancashire, Manchester, GBR, M1 7ED

Website

https://www.northcodersgroup.com

Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes boot camp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.

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