Compagnie de Transports au Maroc (CAS:CTM) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Compagnie de Transports au Maroc 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. Compagnie de Transports au Maroc's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Compagnie de Transports au Maroc's long-term debt to total assets ratio declined from Jun. 2022 (0.21) to Jun. 2023 (0.00). It may suggest that Compagnie de Transports au Maroc is progressively becoming less dependent on debt to grow their business.

Compagnie de Transports au Maroc LT-Debt-to-Total-Asset Historical Data

The historical data trend for Compagnie de Transports au Maroc'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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Compagnie de Transports au Maroc LT-Debt-to-Total-Asset Chart

Compagnie de Transports au Maroc Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.21

0.23

0.26

0.24

0.16

Compagnie de Transports au Maroc Semi-Annual Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.24	0.21	0.16	-

Compagnie de Transports au Maroc LT-Debt-to-Total-Asset Calculation

Compagnie de Transports au Maroc'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 )
	=	108.852	/	668.768
	=	0.16

Compagnie de Transports au Maroc'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	/	728.197
	=	0.00

Compagnie de Transports au Maroc (CAS:CTM) 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.

Compagnie de Transports au Maroc LT-Debt-to-Total-Asset Related Terms

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Compagnie de Transports au Maroc Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Compagnie de Transports au Maroc (CAS:CTM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km 13.5 Casa-Rabat Highway, Sidi Bernoussi, Casablanca, MAR, 20600

Website

https://www.ctm.ma

Compagnie de Transports au Maroc provides transportation services in Morocco. Its services include passenger transportation, express delivery, tourist transportation, among others.