Delorean (ASX:DEL) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Delorean 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. Delorean's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Delorean's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.19). It may suggest that Delorean is progressively becoming more dependent on debt to grow their business.

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

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

Delorean Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.02

0.08

0.09

0.11

Delorean Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.10	0.09	0.08	0.11	0.19

Delorean LT-Debt-to-Total-Asset Calculation

Delorean'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 )
	=	2.025	/	17.915
	=	0.11

Delorean'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 )
	=	4.335	/	22.36
	=	0.19

Delorean (ASX:DEL) 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.

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

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Delorean (ASX:DEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Delorean Corp Ltd (ASX:DEL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1205 Hay Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.deloreancorporation.com.au

Delorean Corp Ltd operates in the renewable energy industry. The company operates in four segments: Infrastructure - the infrastructure asset investment and development division; Engineering - the construction of site-specific anaerobic digestion plants division; Energy retail - the electricity sale division; Corporate - the corporate division. The majority of the revenue comes from Energy retail sector. Geographically it operates in Australia and New Zealand from which it derives substantial revenue from Australia.