El Shams Pyramids Co For Hotels & Touristic ProjectsE (CAI:SPHT) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is El Shams Pyramids Co For Hotels & Touristic ProjectsE 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. El Shams Pyramids Co For Hotels & Touristic ProjectsE's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

El Shams Pyramids Co For Hotels & Touristic ProjectsE's long-term debt to total assets ratio declined from Jun. 2022 (0.39) to Jun. 2023 (0.01). It may suggest that El Shams Pyramids Co For Hotels & Touristic ProjectsE is progressively becoming less dependent on debt to grow their business.

El Shams Pyramids Co For Hotels & Touristic ProjectsE LT-Debt-to-Total-Asset Historical Data

The historical data trend for El Shams Pyramids Co For Hotels & Touristic ProjectsE'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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El Shams Pyramids Co For Hotels & Touristic ProjectsE LT-Debt-to-Total-Asset Chart

El Shams Pyramids Co For Hotels & Touristic ProjectsE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.29

0.27

0.25

0.36

0.01

El Shams Pyramids Co For Hotels & Touristic ProjectsE Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.40	0.01	0.01	0.01

El Shams Pyramids Co For Hotels & Touristic ProjectsE LT-Debt-to-Total-Asset Calculation

El Shams Pyramids Co For Hotels & Touristic ProjectsE's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.3	/	39.214
	=	0.01

El Shams Pyramids Co For Hotels & Touristic ProjectsE'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 )
	=	0.3	/	38.847
	=

El Shams Pyramids Co For Hotels & Touristic ProjectsE (CAI:SPHT) 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.

El Shams Pyramids Co For Hotels & Touristic ProjectsE LT-Debt-to-Total-Asset Related Terms

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El Shams Pyramids Co For Hotels & Touristic ProjectsE (CAI:SPHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » El Shams Pyramids Co For Hotels & Touristic Projects SAE (CAI:SPHT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Adly Street, Sixth Floor Apartment, Cairo, EGY

Website

http://www.elshamspyramids.com

El Shams Pyramids Co For Hotels & Touristic Projects SAE owns and operates hotels and tourist projects. The Company's services include rooms, swimming pools, spa, health and fitness facilities and an exchange bank.

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