FLYE (Fly-E Group) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2024)

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What is Fly-E Group 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. Fly-E Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.38.

Fly-E Group's long-term debt to total assets ratio declined from Dec. 2023 (0.46) to Dec. 2024 (0.38). It may suggest that Fly-E Group is progressively becoming less dependent on debt to grow their business.

Fly-E Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fly-E Group'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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Fly-E Group LT-Debt-to-Total-Asset Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.49

0.57

0.50

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.46	0.50	0.40	0.35	0.38

Fly-E Group LT-Debt-to-Total-Asset Calculation

Fly-E Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	14.4	/	28.976
	=	0.50

Fly-E Group'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 )
	=	14.244	/	37.24
	=	0.38

Fly-E Group (NAS:FLYE) 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.

Fly-E Group LT-Debt-to-Total-Asset Related Terms

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Fly-E Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

136-40 39th Avenue, Flushing, New York, NY, USA, 11354

Website

https://www.flyebike.com

Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. It also provides connectivity solutions and value-added services to their customers.