Ultima United (FRA:EZX) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2022)

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What is Ultima United 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. Ultima United's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.03.

Ultima United's long-term debt to total assets ratio declined from Jun. 2021 (0.10) to Jun. 2022 (0.03). It may suggest that Ultima United is progressively becoming less dependent on debt to grow their business.

Ultima United LT-Debt-to-Total-Asset Historical Data

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

Ultima United Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

LT-Debt-to-Total-Asset

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0.53

0.16

0.57

0.10

0.03

Ultima United Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.10	0.10	0.03	0.03

Ultima United LT-Debt-to-Total-Asset Calculation

Ultima United's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	0.468	/	17.973
	=	0.03

Ultima United's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	0.468	/	17.973
	=	0.03

Ultima United (FRA:EZX) 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.

Ultima United LT-Debt-to-Total-Asset Related Terms

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Ultima United (FRA:EZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ultima United Ltd (FRA:EZX) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

11 Preston Street, Suite 14, Como, Perth, WA, AUS, 6152

Website

http://www.ultimaunited.com.au

Ultima United Ltd is a property development company which currently focuses on developing affordable residential houses and apartment units in Western Australia. Its projects include Bentley Development, Cannington Development, and Como Development. The company operates in one geographical and business segment being property development in Australia.

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