Foley Wines (NZSE:FWL) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2023)

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What is Foley Wines 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. Foley Wines's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.26.

Foley Wines's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.26). It may suggest that Foley Wines is progressively becoming more dependent on debt to grow their business.

Foley Wines LT-Debt-to-Total-Asset Historical Data

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

Foley Wines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.20

0.21

0.22

0.23

Foley Wines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.23	0.18	0.23	0.26

Foley Wines LT-Debt-to-Total-Asset Calculation

Foley Wines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	56.035	/	248.08
	=	0.23

Foley Wines'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 )
	=	63.161	/	245.54
	=	0.26

Foley Wines (NZSE:FWL) 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.

Foley Wines LT-Debt-to-Total-Asset Related Terms

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Foley Wines (NZSE:FWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276

Website

https://www.foleywines.co.nz

Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

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