Dr. Martens (LSE:DOCS) LT-Debt-to-Total-Asset : 0.44 (As of Sep. 2023)

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What is Dr. Martens 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. Dr. Martens's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.44.

Dr. Martens's long-term debt to total assets ratio increased from Sep. 2022 (0.42) to Sep. 2023 (0.44). It may suggest that Dr. Martens is progressively becoming more dependent on debt to grow their business.

Dr. Martens LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dr. Martens'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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Dr. Martens LT-Debt-to-Total-Asset Chart

Dr. Martens Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.16

0.22

0.53

0.44

0.42

Dr. Martens Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.51	0.44	0.42	0.42	0.44

Dr. Martens LT-Debt-to-Total-Asset Calculation

Dr. Martens's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	417.7	/	992.6
	=	0.42

Dr. Martens's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	456.7	/	1028.4
	=	0.44

Dr. Martens (LSE:DOCS) 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.

Dr. Martens LT-Debt-to-Total-Asset Related Terms

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Dr. Martens (LSE:DOCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Dr. Martens PLC (LSE:DOCS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DRMTY:USA DOCMF:USA DOCSl:UK 3U2:Germany

Address

28 Jamestown Road, Camden, London, GBR, NW1 7BY

Website

https://www.drmartensplc.com

Dr. Martens PLC is engaged in the business of footwear. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. Geographically, it derives a majority of revenue from EMEA and also has a presence in the Americas and APAC.