Elron Ventures (XTAE:ELRN) Debt-to-Asset : 0.06 (As of Dec. 2023)

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What is Elron Ventures Debt-to-Asset?

Elron Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪1.19 Mil. Elron Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪37.72 Mil. Elron Ventures's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ₪611.78 Mil. Elron Ventures's debt to asset for the quarter that ended in Dec. 2023 was 0.06.

Elron Ventures Debt-to-Asset Historical Data

The historical data trend for Elron Ventures's Debt-to-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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Elron Ventures Debt-to-Asset Chart

Elron Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.07

0.06

Elron Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.05	0.05	0.06	0.06

Competitive Comparison of Elron Ventures's Debt-to-Asset

For the Asset Management subindustry, Elron Ventures's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elron Ventures's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Elron Ventures's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Elron Ventures's Debt-to-Asset falls into.

Elron Ventures Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Elron Ventures's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.187	+	37.716)	/	611.778
	=	0.06

Elron Ventures's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.187	+	37.716)	/	611.778
	=	0.06

Elron Ventures (XTAE:ELRN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Elron Ventures Debt-to-Asset Related Terms

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Elron Ventures (XTAE:ELRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Elron Ventures Ltd (XTAE:ELRN) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

ELRNF:USA

Address

114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744320

Website

https://www.elronventures.com

Elron Ventures Ltd is a holding company which focuses on building and enhancing technology companies in the fields of medical devices and cyber space. Its group companies operate in various technology fields.

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