Redde (LSE:REDD) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2019)

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What is Redde 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. Redde's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.06.

Redde's long-term debt to total assets ratio increased from Jun. 2018 (0.04) to Jun. 2019 (0.06). It may suggest that Redde is progressively becoming more dependent on debt to grow their business.

Redde LT-Debt-to-Total-Asset Historical Data

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

Redde Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

LT-Debt-to-Total-Asset

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0.06

0.07

0.04

0.06

Redde Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.04	0.07	0.06

Redde LT-Debt-to-Total-Asset Calculation

Redde's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (A: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2019 )	/	Total Assets (A: Jun. 2019 )
	=	22.03	/	388.102
	=	0.06

Redde's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	22.03	/	388.102
	=	0.06

Redde (LSE:REDD) 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.

Redde LT-Debt-to-Total-Asset Related Terms

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Redde (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Redde PLC (LSE:REDD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Lower Bristol Road, Pinesgate, Bath, GBR, BA2 3DP

Website

http://www.redde.com

Redde PLC is engaged in the provision of non-fault accident management assistance and related services, fleet management and legal services in the United Kingdom. It generates revenue from insurance claims and invoiced for services. The company serves insurance companies, brokers, intermediaries, automotive dealerships and manufacturers, and others.

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