Thessaloniki Port Authority (FRA:03P) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is Thessaloniki Port Authority 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. Thessaloniki Port Authority's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Thessaloniki Port Authority's long-term debt to total assets ratio declined from Jun. 2023 (0.19) to Jun. 2024 (0.18). It may suggest that Thessaloniki Port Authority is progressively becoming less dependent on debt to grow their business.

Thessaloniki Port Authority LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thessaloniki Port Authority'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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Thessaloniki Port Authority LT-Debt-to-Total-Asset Chart

Thessaloniki Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.18

Thessaloniki Port Authority 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															0.19	0.18	0.19	0.18	0.18

Thessaloniki Port Authority LT-Debt-to-Total-Asset Calculation

Thessaloniki Port Authority'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 )
	=	45.875	/	252.317
	=	0.18

Thessaloniki Port Authority'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 )
	=	45.422	/	254.963
	=	0.18

Thessaloniki Port Authority (FRA:03P) 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.

Thessaloniki Port Authority LT-Debt-to-Total-Asset Related Terms

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Thessaloniki Port Authority Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thessaloniki Port Authority SA (FRA:03P) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

OLTH:Greece

Address

Pier No 1, Port of Thessaloniki, Thessaloniki, GRC, 54625

Website

https://www.thpa.gr

Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling, and passenger services along with add-on services like water, electricity, and telephone connections, The company's operational areas are categorized into five, which are Container Terminal, Conventional Cargo, Passenger Traffic, Exploitation of Sites, and Intermodal. The majority of its revenues are obtained from the Container Terminal segment.

Thessaloniki Port Authority Headlines

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