Freedom Holding (FRA:DMW2) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Freedom Holding 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. Freedom Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Freedom Holding's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.04). It may suggest that Freedom Holding is progressively becoming more dependent on debt to grow their business.

Freedom Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Freedom Holding'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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Freedom Holding LT-Debt-to-Total-Asset Chart

Freedom Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.09

0.19

0.02

0.01

0.02

Freedom Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	0.04

Freedom Holding LT-Debt-to-Total-Asset Calculation

Freedom Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	84.383	/	4748.977
	=	0.02

Freedom Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	275.947	/	6830.772
	=	0.04

Freedom Holding (FRA:DMW2) 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.

Freedom Holding LT-Debt-to-Total-Asset Related Terms

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Freedom Holding (FRA:DMW2) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (FRA:DMW2) » Definitions » LT-Debt-to-Total-Asset

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FRHC:USA FRHC_KZ:Kazakhstan

Address

No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040

Website

https://www.freedomholdingcorp.com

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

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