Electro Cable Egypt (CAI:ELEC) LT-Debt-to-Total-Asset: 0.07 (As of Jun. 2023)


CAI:ELEC Electro Cable Egypt CAI:ELEC
8 GF Score
Price E£2.09
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What is Electro Cable Egypt LT-Debt-to-Total-Asset?

Electro Cable Egypt CAI:ELEC -0.95% 8 LT-Debt-to-Total-Asset is 0.07 as of Jun. 2023. GuruFocus rates CAI:ELEC with a GF Score™ of 8/100.

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. Electro Cable Egypt's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.07.

Electro Cable Egypt's long-term debt to total assets ratio increased from Jun. 2021 (0.00) to Jun. 2023 (0.07). It may suggest that Electro Cable Egypt is progressively becoming more dependent on debt to grow their business.

Electro Cable Egypt  (CAI:ELEC) 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.

Electro Cable Egypt LT-Debt-to-Total-Asset Related Terms

Electro Cable Egypt LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt LT-Debt-to-Total-Asset Chart

Electro Cable Egypt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
LT-Debt-to-Total-Asset
0.00 0.00 0.00 0.00 0.00

Electro Cable Egypt Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Mar22 Jun22 Mar23 Jun23
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 Premium Member Only 0.00 0.00 0.01 0.05 0.07
CAI:ELEC
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Electro Cable Egypt CAI:ELEC
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Electro Cable Egypt LT-Debt-to-Total-Asset Calculation

Electro Cable Egypt's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )/Total Assets (A: Dec. 2020 )
=0.191/2399.055
=0.00

Electro Cable Egypt'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 )
=241.232/3281.01
=0.07

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.07 mean?
Electro Cable Egypt (CAI:ELEC) has a LT-Debt-to-Total-Asset of 0.07 as of Jun. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Electro Cable Egypt and its competitors.
Is Electro Cable Egypt's LT-Debt-to-Total-Asset too high?
Electro Cable Egypt's current LT-Debt-to-Total-Asset is 0.07. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's LT-Debt-to-Total-Asset compare to competitors?
Electro Cable Egypt's LT-Debt-to-Total-Asset of 0.07 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Industrial Products company?
A good LT-Debt-to-Total-Asset depends on the Industrial Products industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Electro Cable Egypt and its competitors. Electro Cable Egypt's current LT-Debt-to-Total-Asset is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current LT-Debt-to-Total-Asset of 0.07. The current LT-Debt-to-Total-Asset is 0.07. Electro Cable Egypt's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Electro Cable Egypt (CAI:ELEC), the current LT-Debt-to-Total-Asset is 0.07 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electro Cable Egypt Business Description

Address Ismaellia Canal Road, Km 4.6,6 th October Road, Mostorod Industrial Zone, Qualubia Governorate, Cairo, EGY
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

E£2.09
Price