Galaxidi Fish Farming (LTS:0EL6) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2016)

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What is Galaxidi Fish Farming 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. Galaxidi Fish Farming's long-term debt to total assests ratio for the quarter that ended in Dec. 2016 was 0.02.

Galaxidi Fish Farming's long-term debt to total assets ratio declined from Jun. 2015 (0.02) to Dec. 2016 (0.02). It may suggest that Galaxidi Fish Farming is progressively becoming less dependent on debt to grow their business.

Galaxidi Fish Farming LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galaxidi Fish Farming'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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Galaxidi Fish Farming LT-Debt-to-Total-Asset Chart

Galaxidi Fish Farming Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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0.03

0.02

Galaxidi Fish Farming Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Jun16	Dec16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.04	0.02

Galaxidi Fish Farming LT-Debt-to-Total-Asset Calculation

Galaxidi Fish Farming's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	0.76	/	50.308
	=	0.02

Galaxidi Fish Farming's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (Q: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2016 )	/	Total Assets (Q: Dec. 2016 )
	=	0.76	/	50.308
	=

Galaxidi Fish Farming (LTS:0EL6) 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.

Galaxidi Fish Farming LT-Debt-to-Total-Asset Related Terms

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Galaxidi Fish Farming (LTS:0EL6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Galaxidi Fish Farming SA (LTS:0EL6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.gmf-sa.gr

Galaxidi Sea Farm SA operates a fish farm. The Company produces sea bream and sea bass, Red Porgy and sells processed fish.

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