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ECDA (ECD Automotive Design) LT-Debt-to-Total-Asset : 0.70 (As of Jun. 2024)


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What is ECD Automotive Design 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. ECD Automotive Design's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.70.

ECD Automotive Design's long-term debt to total assets ratio increased from Jun. 2023 (0.36) to Jun. 2024 (0.70). It may suggest that ECD Automotive Design is progressively becoming more dependent on debt to grow their business.

ECD Automotive Design LT-Debt-to-Total-Asset Historical Data

The historical data trend for ECD Automotive Design'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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ECD Automotive Design LT-Debt-to-Total-Asset Chart

ECD Automotive Design Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.07 0.31 0.57

ECD Automotive Design Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.28 0.57 0.69 0.70

ECD Automotive Design LT-Debt-to-Total-Asset Calculation

ECD Automotive Design'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 )
=14.411/25.293
=0.57

ECD Automotive Design'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 )
=15.106/21.745
=0.69

* 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.

ECD Automotive Design  (NAS:ECDA) 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.

ECD Automotive Design LT-Debt-to-Total-Asset Related Terms

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ECD Automotive Design Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECD Automotive Design Inc (NAS:ECDA) » Definitions » LT-Debt-to-Total-Asset
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Address
4930 Industrial Lane, Unit 107, Kissimmee, FL, USA, 34758
Website
https://www.ecdautodesign.com
ECD Automotive Design Inc is a custom-car builder in the Restomod sector with a focus on British classic motor vehicles of various models of both two-door and four-door styles. The company has established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. It upgrade any engine, including Chevrolet V8's, Land Rover V8's, Cummins diesel engines and new electric drivetrains, performing all the necessary body work, drivetrain selection and installation, every stitch in the interior, paint work, up to placement of the last nut and bolt.