Palm Hills DevelopmentsE (CAI:PHDC) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Palm Hills DevelopmentsE 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. Palm Hills DevelopmentsE's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Palm Hills DevelopmentsE's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Palm Hills DevelopmentsE is progressively becoming more dependent on debt to grow their business.

Palm Hills DevelopmentsE LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palm Hills DevelopmentsE'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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Palm Hills DevelopmentsE LT-Debt-to-Total-Asset Chart

Palm Hills DevelopmentsE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.10

0.11

Palm Hills DevelopmentsE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.11	0.09	0.09	0.06

Palm Hills DevelopmentsE LT-Debt-to-Total-Asset Calculation

Palm Hills DevelopmentsE'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 )
	=	8089.956	/	74298.461
	=	0.11

Palm Hills DevelopmentsE's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6675.91	/	104101.963
	=	0.06

Palm Hills DevelopmentsE (CAI:PHDC) 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.

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Palm Hills DevelopmentsE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Palm Hills Developments SAE (CAI:PHDC) » Definitions » LT-Debt-to-Total-Asset

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Address

Cairo- Alexandria Desert Road Abou Rawash, Km 28 Smart Village, A4, B83 Raya Building, Cairo, EGY

Website

https://www.palmhillsdevelopments.com

Palm Hills Developments SAE real estate company develops integrated residential, commercial real estate, and resort projects. The company focuses on development in Egypt's new cities and new urban communities. Its activities include building, constructing, owning, and managing residential properties and tourist villages. Palm Hills also provides associated services and facilities, leases and constructs integrated projects, and manages related entertainment activities. The company's property portfolio contains projects spanning different development stages, such as Palm Hills October, which is a residential community, and the Palm Club, which is a sports and recreational facility located in Palm Hills October.

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