Christie Group (LSE:CTG) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is Christie 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. Christie Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Christie Group's long-term debt to total assets ratio increased from Dec. 2022 (0.24) to Dec. 2023 (0.28). It may suggest that Christie Group is progressively becoming more dependent on debt to grow their business.

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

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

Christie Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.28

0.23

0.24

0.28

Christie Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.23	0.20	0.24	0.26	0.28

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

Christie 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 )
	=	8.322	/	29.449
	=	0.28

Christie 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 )
	=	8.322	/	29.449
	=	0.28

Christie Group (LSE:CTG) 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.

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

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Christie Group (LSE:CTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Christie Group PLC (LSE:CTG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

6 Carmelite Street, Whitefriars House, London, GBR, EC4Y 0BS

Website

https://www.christiegroup.com

Christie Group PLC offers a portfolio of professional business services for the leisure, healthcare, education, retail and care sectors. The business of the group is operated through two segments namely Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). The Professional & Financial Services segment covers business valuation, consultancy & agency, business mortgages & insurance services and business appraisal and the Stock and Inventory Systems and Service segment cover stock audit and counting, compliance, inventory preparation and valuation, hospitality, and software. The company derives maximum revenue from the Professional Business Service segment from Care sector.