Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Turism Hoteluri Restaurante Marea Neagra 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. Turism Hoteluri Restaurante Marea Neagra's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Turism Hoteluri Restaurante Marea Neagra's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Turism Hoteluri Restaurante Marea Neagra is progressively becoming less dependent on debt to grow their business.

Turism Hoteluri Restaurante Marea Neagra LT-Debt-to-Total-Asset Historical Data

The historical data trend for Turism Hoteluri Restaurante Marea Neagra'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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Turism Hoteluri Restaurante Marea Neagra LT-Debt-to-Total-Asset Chart

Turism Hoteluri Restaurante Marea Neagra Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Turism Hoteluri Restaurante Marea Neagra Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Turism Hoteluri Restaurante Marea Neagra LT-Debt-to-Total-Asset Calculation

Turism Hoteluri Restaurante Marea Neagra'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 )
	=	0	/	244.961
	=	0.00

Turism Hoteluri Restaurante Marea Neagra'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 )
	=	0	/	262.893
	=	0.00

Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) 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.

Turism Hoteluri Restaurante Marea Neagra LT-Debt-to-Total-Asset Related Terms

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Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Turism Hoteluri Restaurante Marea Neagra SA (BSE:EFO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lavrion Street, No. 29, Constanta County, Mangalia, ROU, 905500

Website

https://www.thrmareaneagra.ro

Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.

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