Astrasun Solar PCL (BUD:ASTRASUN) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Astrasun Solar PCL 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. Astrasun Solar PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Astrasun Solar PCL's long-term debt to total assets ratio declined from Dec. 2022 (0.35) to Dec. 2023 (0.31). It may suggest that Astrasun Solar PCL is progressively becoming less dependent on debt to grow their business.

Astrasun Solar PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Astrasun Solar PCL'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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Astrasun Solar PCL LT-Debt-to-Total-Asset Chart

Astrasun Solar PCL Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.35

0.31

Astrasun Solar PCL Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	0.35	-	0.31

Astrasun Solar PCL LT-Debt-to-Total-Asset Calculation

Astrasun Solar PCL'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 )
	=	2846.34	/	9165.758
	=	0.31

Astrasun Solar PCL'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 )
	=	2846.34	/	9165.758
	=	0.31

Astrasun Solar PCL (BUD:ASTRASUN) 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.

Astrasun Solar PCL LT-Debt-to-Total-Asset Related Terms

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Astrasun Solar PCL (BUD:ASTRASUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Astrasun Solar PCL (BUD:ASTRASUN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kossuth Lajos Strreet 103, Csomad, HUN, H-2161

Website

https://www.astrasun.solar

Astrasun Solar PCL plays key role in the Hungarian renewable energy market. Astrasun is a solar power plant project developer Company, and invests in green energy.

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