ESG Emirates Stallions Group PJSC (ADX:ESG) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is ESG Emirates Stallions Group PJSC 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. ESG Emirates Stallions Group PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

ESG Emirates Stallions Group PJSC's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Dec. 2023 (0.03). It may suggest that ESG Emirates Stallions Group PJSC is progressively becoming more dependent on debt to grow their business.

ESG Emirates Stallions Group PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for ESG Emirates Stallions Group PJSC'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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ESG Emirates Stallions Group PJSC LT-Debt-to-Total-Asset Chart

ESG Emirates Stallions Group PJSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

ESG Emirates Stallions Group PJSC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.01	-	-	-	0.03

ESG Emirates Stallions Group PJSC LT-Debt-to-Total-Asset Calculation

ESG Emirates Stallions Group PJSC'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 )
	=	96.142	/	3060.501
	=	0.03

ESG Emirates Stallions Group PJSC'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 )
	=	96.142	/	3060.501
	=	0.03

ESG Emirates Stallions Group PJSC (ADX:ESG) 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.

ESG Emirates Stallions Group PJSC LT-Debt-to-Total-Asset Related Terms

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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ESG Emirates Stallions Group PJSC (ADX:ESG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE

Website

https://www.esguae.com

ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.