OFS Capital (FRA:9UD) LT-Debt-to-Total-Asset : 0.59 (As of Sep. 2024)

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What is OFS Capital 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. OFS Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.59.

OFS Capital's long-term debt to total assets ratio declined from Sep. 2023 (0.63) to Sep. 2024 (0.59). It may suggest that OFS Capital is progressively becoming less dependent on debt to grow their business.

OFS Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for OFS Capital'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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OFS Capital LT-Debt-to-Total-Asset Chart

OFS Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.66

0.64

0.61

0.64

OFS Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.64	0.62	0.61	0.59

OFS Capital LT-Debt-to-Total-Asset Calculation

OFS Capital'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 )
	=	274.855	/	430.823
	=	0.64

OFS Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	222.697	/	377.103
	=	0.59

OFS Capital (FRA:9UD) 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.

OFS Capital LT-Debt-to-Total-Asset Related Terms

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OFS Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » OFS Capital Corp (FRA:9UD) » Definitions » LT-Debt-to-Total-Asset

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OFS:USA

Address

10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606

Website

https://www.ofscapital.com

OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.

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