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NAOS Absolute Opportunities Co (ASX:NAC) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2024)


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What is NAOS Absolute Opportunities Co 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. NAOS Absolute Opportunities Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.37.

NAOS Absolute Opportunities Co's long-term debt to total assets ratio increased from Jun. 2023 (0.27) to Jun. 2024 (0.37). It may suggest that NAOS Absolute Opportunities Co is progressively becoming more dependent on debt to grow their business.

NAOS Absolute Opportunities Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for NAOS Absolute Opportunities Co'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.

* Premium members only.

NAOS Absolute Opportunities Co LT-Debt-to-Total-Asset Chart

NAOS Absolute Opportunities Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.18 0.27 0.27 0.37

NAOS Absolute Opportunities Co Semi-Annual Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.29 0.27 0.29 0.37

NAOS Absolute Opportunities Co LT-Debt-to-Total-Asset Calculation

NAOS Absolute Opportunities Co'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 )
=17.233/46.738
=0.37

NAOS Absolute Opportunities Co'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 )
=17.233/46.738
=0.37

* 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.

NAOS Absolute Opportunities Co  (ASX:NAC) 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.

NAOS Absolute Opportunities Co LT-Debt-to-Total-Asset Related Terms

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NAOS Absolute Opportunities Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NAOS Absolute Opportunities Co Ltd (ASX:NAC) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
25 Martin Place, Level 34, MLC Centre, Sydney, NSW, AUS, 2000
Website
https://www.naos.com.au
NAOS Absolute Opportunities Co Ltd is an investment company. The company invests in mid-cap listed equities through a long-biased structure with a long-term value focus that can produce positive absolute returns. It operates in Australia and derives revenue from dividend income, interest income and from the investment portfolio.