Victorian Plumbing Group (LSE:VIC) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Victorian Plumbing 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. Victorian Plumbing Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Victorian Plumbing Group's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.29). It may suggest that Victorian Plumbing Group is progressively becoming more dependent on debt to grow their business.

Victorian Plumbing Group LT-Debt-to-Total-Asset Historical Data

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

Victorian Plumbing Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.10

0.06

0.04

Victorian Plumbing Group Semi-Annual Data
	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.05	0.04	0.04	0.04	0.29

Victorian Plumbing Group LT-Debt-to-Total-Asset Calculation

Victorian Plumbing Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	3.8	/	99
	=	0.04

Victorian Plumbing Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	42.9	/	146.5
	=	0.29

Victorian Plumbing Group (LSE:VIC) 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.

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Victorian Plumbing Group (LSE:VIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Victorian Plumbing Group PLC (LSE:VIC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

637:Germany

Address

22 Grimrod Place, Skelmersdale, GBR, WN8 9UU

Website

https://www.victorianplumbingplc.com

Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide range of over 24,000 products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house.

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