National Cable & Wire Manufacturing (AMM:WIRE) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2023)

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What is National Cable & Wire Manufacturing 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. National Cable & Wire Manufacturing's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.16.

National Cable & Wire Manufacturing's long-term debt to total assets ratio increased from Sep. 2022 (0.04) to Sep. 2023 (0.16). It may suggest that National Cable & Wire Manufacturing is progressively becoming more dependent on debt to grow their business.

National Cable & Wire Manufacturing LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Cable & Wire Manufacturing'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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National Cable & Wire Manufacturing LT-Debt-to-Total-Asset Chart

National Cable & Wire Manufacturing Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.06

0.05

0.08

0.02

National Cable & Wire Manufacturing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.02	0.03	0.26	0.16

National Cable & Wire Manufacturing LT-Debt-to-Total-Asset Calculation

National Cable & Wire Manufacturing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.335	/	18.7
	=	0.02

National Cable & Wire Manufacturing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.864	/	18.257
	=	0.16

National Cable & Wire Manufacturing (AMM:WIRE) 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.

National Cable & Wire Manufacturing LT-Debt-to-Total-Asset Related Terms

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National Cable & Wire Manufacturing (AMM:WIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Cable & Wire Manufacturing (AMM:WIRE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Golden Jubilee area, P.O. Box 927104, Zarqa, Amman, JOR, 11190

Website

http://www.cableco.com.jo

National Cable & Wire Manufacturing is engaged in producing wires and cables of copper or aluminum conductors insulated/sheathed ordinary or special types or synthetic rubber. It provides various products such as Coaxial cables, Control cables, PVC insulated wires, Power cables, Concentric and service cables, Flexible cables, Telephone cables, and others.