Elsight (ASX:ELS) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Elsight 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. Elsight's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Elsight's long-term debt to total assets ratio declined from Dec. 2022 (0.60) to Dec. 2023 (0.04). It may suggest that Elsight is progressively becoming less dependent on debt to grow their business.

Elsight LT-Debt-to-Total-Asset Historical Data

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

Elsight Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.60

0.04

Elsight Semi-Annual Data
	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									0.03	0.01	0.60	0.83	0.04

Elsight LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.242	/	6.629
	=	0.04

Elsight'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 )
	=	0.242	/	6.629
	=	0.04

Elsight (ASX:ELS) 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.

Elsight LT-Debt-to-Total-Asset Related Terms

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Elsight (ASX:ELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elsight Ltd (ASX:ELS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

330 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.elsight.com

Elsight Ltd is engaged in the development and commercialization of Halo in the UAV market. Elsight's Halo provides BVLOS (Beyond the Visual Line of Sight) connectivity for drones, UAVs, and other unmanned/uncrewed systems on-air and on land.