Eumundi Group (ASX:EBG) LT-Debt-to-Total-Asset : 0.25 (As of Jun. 2024)

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What is Eumundi 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. Eumundi Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.25.

Eumundi Group's long-term debt to total assets ratio declined from Jun. 2023 (0.28) to Jun. 2024 (0.25). It may suggest that Eumundi Group is progressively becoming less dependent on debt to grow their business.

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

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

Eumundi Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.41

0.35

0.31

0.28

0.25

Eumundi Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.01	0.28	0.26	0.25

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

Eumundi Group'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 )
	=	26.469	/	106.715
	=	0.25

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	26.469	/	106.715
	=	0.25

Eumundi Group (ASX:EBG) 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.

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

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Eumundi Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Eumundi Group Ltd (ASX:EBG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

161 Cotlew Street, Ashmore Tavern, Ashmore, QLD, AUS, 4214

Website

https://www.eumundigroup.com.au

Eumundi Group Ltd operates public hotels with bar, bistro, and gaming facilities and conducts commercial and retail liquor sales. The company's operating segments include Hotel operations and Investment property operations. It generates a majority of its revenue from the Hotel operations segment. The hotel operations segment sells packaged alcoholic beverages through its retail outlets, sells food and alcoholic beverages on-premise through bars and restaurants, and operates licensed gaming venues. The investment segment owns and leases investment property assets to retail tenants.

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