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Societe d'Equipements Domestiques et Menagers Credit EQDOM (CAS:EQD) LT-Debt-to-Total-Asset : 0.55 (As of Jun. 2024)


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What is Societe d'Equipements Domestiques et Menagers Credit EQDOM 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. Societe d'Equipements Domestiques et Menagers Credit EQDOM's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.55.

Societe d'Equipements Domestiques et Menagers Credit EQDOM's long-term debt to total assets ratio declined from Jun. 2023 (0.67) to Jun. 2024 (0.55). It may suggest that Societe d'Equipements Domestiques et Menagers Credit EQDOM is progressively becoming less dependent on debt to grow their business.

Societe d'Equipements Domestiques et Menagers Credit EQDOM LT-Debt-to-Total-Asset Historical Data

The historical data trend for Societe d'Equipements Domestiques et Menagers Credit EQDOM'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.

* Premium members only.

Societe d'Equipements Domestiques et Menagers Credit EQDOM LT-Debt-to-Total-Asset Chart

Societe d'Equipements Domestiques et Menagers Credit EQDOM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.73 - 0.56 0.69

Societe d'Equipements Domestiques et Menagers Credit EQDOM Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.71 0.56 0.67 0.69 0.55

Societe d'Equipements Domestiques et Menagers Credit EQDOM LT-Debt-to-Total-Asset Calculation

Societe d'Equipements Domestiques et Menagers Credit EQDOM'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 )
=5217.265/7589.44
=0.69

Societe d'Equipements Domestiques et Menagers Credit EQDOM's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=4251.195/7671.032
=0.55

* 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.

Societe d'Equipements Domestiques et Menagers Credit EQDOM  (CAS:EQD) 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.

Societe d'Equipements Domestiques et Menagers Credit EQDOM LT-Debt-to-Total-Asset Related Terms

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Societe d'Equipements Domestiques et Menagers Credit EQDOM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Societe d'Equipements Domestiques et Menagers Credit EQDOM SA (CAS:EQD) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
CAS:SLF V MA AXP COF BOM:500034 PYPL DFS SYF BOM:543257 BOM:532810 NSE:CHOLAFIN NSE:SHRIRAMFIN BOM:532955 SOFI ALLY BOM:533398 TSE:8593 BOM:543066 XPAR:EDEN
Traded in Other Exchanges
N/A
Address
127. Boulevard Zerktouni, Casablanca, MAR, 20 100
Website
http://www.eqdomnet.ma
Societe d'Equipements Domestiques et Menagers Credit EQDOM SA is engaged in financing and lending activities to facilitate the purchase of personal property especially household electrical appliances or other consumer goods for individuals or legal entities. Its products include car finance, wedding finance, trip finance, house finance, and financing desires.