OFFTEC Holding Group (AMM:OFTC) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is OFFTEC Holding Group 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. OFFTEC Holding Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

OFFTEC Holding Group's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that OFFTEC Holding Group is progressively becoming more dependent on debt to grow their business.

OFFTEC Holding Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for OFFTEC Holding Group'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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OFFTEC Holding Group LT-Debt-to-Total-Asset Chart

OFFTEC Holding Group Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

OFFTEC Holding Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	0.03	0.03	0.03

OFFTEC Holding Group LT-Debt-to-Total-Asset Calculation

OFFTEC Holding Group'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	/	42.321
	=	0.00

OFFTEC Holding Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.228	/	41.772
	=	0.03

OFFTEC Holding Group (AMM:OFTC) 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.

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OFFTEC Holding Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » OFFTEC Holding Group PLC (AMM:OFTC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Third Circle, 12 Queen Misbah Street, P.O. Box: 383, Amman, JOR, 11118

Website

http://www.offtec.com

OFFTEC Holding Group PLC offers business and technological solutions to facilitate business functions such as banknote counting and detection machines, teller safes, check printing systems, office furniture solutions, and other office equipment, among others. The company provides a solution to Banking Technologies, Office Technologies, Software Solutions, Networking, and IT security, Plastic Card Technologies and Physical Security Solutions.

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