ASF Group (ASX:AFA) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is ASF 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. ASF Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

ASF Group's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that ASF Group is progressively becoming less dependent on debt to grow their business.

ASF Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for ASF 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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ASF Group LT-Debt-to-Total-Asset Chart

ASF Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.60

0.83

0.99

1.21

2.01

ASF Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.39	1.21	0.01	2.01	-

ASF Group LT-Debt-to-Total-Asset Calculation

ASF Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	26.18	/	13.029
	=	2.01

ASF Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.017	/	11.87
	=	0.00

ASF Group (ASX:AFA) 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.

ASF Group LT-Debt-to-Total-Asset Related Terms

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ASF Group (ASX:AFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ASF Group Ltd (ASX:AFA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

3B Macquarie Street, Suite 2, Sydney, NSW, AUS, 2000

Website

https://www.asfgroupltd.com

ASF Group Ltd is an investment and trading house. The company focuses on the identification, incubation, and realisation of opportunities in areas of synergy between China, Australia, the UK and Europe including oil and gas, resources, property, infrastructure, travel and financial services sectors. The company operates in only one segment, being an investment and trading house. Substantial revenue is generated from corporate services. Geographically it derives key revenue from Australia from the Interests income.

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