Asek Co for Mining (CAI:ASCM) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Asek Co for Mining 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. Asek Co for Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Asek Co for Mining's long-term debt to total assets ratio declined from Dec. 2021 (0.65) to Dec. 2023 (0.31). It may suggest that Asek Co for Mining is progressively becoming less dependent on debt to grow their business.

Asek Co for Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asek Co for Mining'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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Asek Co for Mining LT-Debt-to-Total-Asset Chart

Asek Co for Mining Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.58

0.65

0.53

0.31

Asek Co for Mining Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.58	0.65	0.53	0.31

Asek Co for Mining LT-Debt-to-Total-Asset Calculation

Asek Co for Mining'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 )
	=	1593.902	/	5198.344
	=	0.31

Asek Co for Mining'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 )
	=	1593.902	/	5198.344
	=	0.31

Asek Co for Mining (CAI:ASCM) 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.

Asek Co for Mining LT-Debt-to-Total-Asset Related Terms

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Asek Co for Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asek Co for Mining (CAI:ASCM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26. Street 265, New Maadi, Cairo, EGY

Website

http://www.ascom.com.eg

Asek Co for Mining operates as geology, mining, and manufacturing company. It offers services such as field prospecting, geological mapping, structural mapping, micropaleontology, research work and others. The company is involved in mining and production of ground calcium carbonate, glass sand, crushing aggregates, blocks and gold. Its products include glass sand and gypsum.

Asek Co for Mining Headlines

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