Fix Price Group (LSE:FIXP) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Fix Price 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. Fix Price Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Fix Price Group's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.07). It may suggest that Fix Price Group is progressively becoming less dependent on debt to grow their business.

Fix Price Group LT-Debt-to-Total-Asset Historical Data

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

Fix Price Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.08

0.07

Fix Price Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.04	0.10	0.08	-	0.07

Fix Price Group LT-Debt-to-Total-Asset Calculation

Fix Price 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 )
	=	106.938	/	1526.166
	=	0.07

Fix Price 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 )
	=	106.938	/	1526.166
	=	0.07

Fix Price Group (LSE:FIXP) 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.

Fix Price Group LT-Debt-to-Total-Asset Related Terms

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Fix Price Group (LSE:FIXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fix Price Group PLC (LSE:FIXP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makariou III & Vyronos Street, P. Lordos Center building, Block B, 1st floor, Office 102, Limassol, CYP, 3105

Website

https://ir.fix-price.com

Fix Price Group PLC is a low-price value retailer. Its categories include ambient food and drink, household goods, and cosmetics and hygiene items. Its retail operations are conducted through a chain of convenience stores, located in the Russian Federation, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, and Kyrgyzstan The group is also engaged in wholesale operations by servicing a number of franchises that operate in distant regions of the Russian Federation, as well as in a number of international geographies.

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