Dubai Taxi Co (DFM:DTC) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2024)

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What is Dubai Taxi Co 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. Dubai Taxi Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.43.

Dubai Taxi Co's long-term debt to total assets ratio declined from Dec. 2023 (0.51) to Dec. 2024 (0.43). It may suggest that Dubai Taxi Co is progressively becoming less dependent on debt to grow their business.

Dubai Taxi Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dubai Taxi Co'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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Dubai Taxi Co LT-Debt-to-Total-Asset Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.51

0.43

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.51	0.48	0.47	0.48	0.43

Dubai Taxi Co LT-Debt-to-Total-Asset Calculation

Dubai Taxi Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1000.804	/	2318.361
	=	0.43

Dubai Taxi Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1000.804	/	2318.361
	=	0.43

Dubai Taxi Co (DFM:DTC) 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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Dubai Taxi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, P.O. Box 2647, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. It generates the majority of its revenue from Regular Taxi.