Australian Agricultural Projects (ASX:AAP) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is Australian Agricultural Projects 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. Australian Agricultural Projects's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

Australian Agricultural Projects's long-term debt to total assets ratio declined from Dec. 2023 (0.24) to Dec. 2024 (0.21). It may suggest that Australian Agricultural Projects is progressively becoming less dependent on debt to grow their business.

Australian Agricultural Projects LT-Debt-to-Total-Asset Historical Data

The historical data trend for Australian Agricultural Projects'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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Australian Agricultural Projects LT-Debt-to-Total-Asset Chart

Australian Agricultural Projects Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.41

0.39

0.37

0.27

0.28

Australian Agricultural Projects Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.27	0.24	0.28	0.21

Australian Agricultural Projects LT-Debt-to-Total-Asset Calculation

Australian Agricultural Projects's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	6.23	/	22.383
	=	0.28

Australian Agricultural Projects's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4.361	/	21.264
	=	0.21

Australian Agricultural Projects (ASX:AAP) 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.

Australian Agricultural Projects LT-Debt-to-Total-Asset Related Terms

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Australian Agricultural Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Projects Ltd (ASX:AAP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

456 St Kilda Road, Suite 14, Melbourne, VIC, AUS, 3004

Website

https://www.voopl.com.au

Australian Agricultural Projects Ltd is an Australia-based company which is engaged in the management of managed investment schemes and other investors' olive groves located in Boort, Victoria. The company's projects consist of Victorian Olive Oil Project, Victorian Olive Oil Project II and Peppercorn Estate Limited.