Fareast Finance & Investment (DHA:FAREASTFIN) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2020)

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What is Fareast Finance & Investment 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. Fareast Finance & Investment's long-term debt to total assests ratio for the quarter that ended in Sep. 2020 was 0.29.

Fareast Finance & Investment's long-term debt to total assets ratio increased from Sep. 2019 (0.28) to Sep. 2020 (0.29). It may suggest that Fareast Finance & Investment is progressively becoming more dependent on debt to grow their business.

Fareast Finance & Investment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fareast Finance & Investment'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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Fareast Finance & Investment LT-Debt-to-Total-Asset Chart

Fareast Finance & Investment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.28

0.31

0.27

0.26

0.29

Fareast Finance & Investment Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.29	0.29	0.29	0.29

Fareast Finance & Investment LT-Debt-to-Total-Asset Calculation

Fareast Finance & Investment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	3201.555	/	10883.981
	=	0.29

Fareast Finance & Investment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

LT Debt to Total Assets (Q: Sep. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2020 )	/	Total Assets (Q: Sep. 2020 )
	=	3232.956	/	11276.674
	=	0.29

Fareast Finance & Investment (DHA:FAREASTFIN) 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.

Fareast Finance & Investment LT-Debt-to-Total-Asset Related Terms

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Fareast Finance & Investment (DHA:FAREASTFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fareast Finance & Investment Ltd (DHA:FAREASTFIN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

52-53, Dilkusha Commercial Area, Eunoos Centre, 8th level, Dhaka, BGD, 1000

Website

https://www.ffilbd.com

Fareast Finance & Investment Ltd provides lease and term finances. It also provides short-term finance, factoring and bond discount and among others. The company's services include Lease Finance, Term Finance, Short Term Finance and Factoring. It include services to clients for all types of machinery, equipment, household durables including vehicle for the purpose of industrial, commercial and personal.

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