East 33 (ASX:E33) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is East 33 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. East 33's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

East 33's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.22). It may suggest that East 33 is progressively becoming more dependent on debt to grow their business.

East 33 LT-Debt-to-Total-Asset Historical Data

The historical data trend for East 33'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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East 33 LT-Debt-to-Total-Asset Chart

East 33 Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.19

0.03

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.19	0.03	0.03	0.22

East 33 LT-Debt-to-Total-Asset Calculation

East 33'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 )
	=	1.632	/	48.565
	=	0.03

East 33'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 )
	=	11.102	/	50.147
	=	0.22

East 33 (ASX:E33) 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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East 33 (ASX:E33) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Sundry units involved in selling liquor to retail customers, provision restaurant services, online sales of oysters and complimentary products in Australia.

East 33 (ASX:E33) Headlines

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