Cairn Homes (LSE:CRN) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Cairn Homes 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. Cairn Homes's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Cairn Homes's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.16). It may suggest that Cairn Homes is progressively becoming less dependent on debt to grow their business.

Cairn Homes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cairn Homes'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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Cairn Homes LT-Debt-to-Total-Asset Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.20

0.07

0.17

0.16

Cairn Homes Semi-Annual Data
	Jun15	Jun16	Dec16	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												0.07	0.07	0.17	0.28	0.16

Cairn Homes LT-Debt-to-Total-Asset Calculation

Cairn Homes'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 )
	=	141.568	/	895.879
	=	0.16

Cairn Homes'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 )
	=	141.568	/	895.879
	=	0.16

Cairn Homes (LSE:CRN) 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.

Cairn Homes LT-Debt-to-Total-Asset Related Terms

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Cairn Homes (LSE:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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