Ideal Holdings (ATH:INTEK) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2023)

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What is Ideal Holdings 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. Ideal Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.14.

Ideal Holdings's long-term debt to total assets ratio increased from Dec. 2021 (0.12) to Jun. 2023 (0.14). It may suggest that Ideal Holdings is progressively becoming more dependent on debt to grow their business.

Ideal Holdings LT-Debt-to-Total-Asset Historical Data

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

Ideal Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

0.02

0.12

Ideal Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	-	0.12	0.13	0.14

Ideal Holdings LT-Debt-to-Total-Asset Calculation

Ideal Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	10.409	/	83.866
	=	0.12

Ideal Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	30.329	/	219.044
	=	0.14

Ideal Holdings (ATH:INTEK) 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.

Ideal Holdings LT-Debt-to-Total-Asset Related Terms

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Ideal Holdings (ATH:INTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ideal Holdings SA (ATH:INTEK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Creon 25, Athens, GRC, 10442

Website

https://www.idealholdings.gr

Ideal Holdings SA is engaged in the distribution of white home appliances, IT products and distribution of specialized software products.

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