Astrapak (JSE:9035.PFD) LT-Debt-to-Total-Asset : 0.08 (As of Aug. 2016)

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What is Astrapak 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. Astrapak's long-term debt to total assests ratio for the quarter that ended in Aug. 2016 was 0.08.

Astrapak's long-term debt to total assets ratio increased from Aug. 2015 (0.06) to Aug. 2016 (0.08). It may suggest that Astrapak is progressively becoming more dependent on debt to grow their business.

Astrapak LT-Debt-to-Total-Asset Historical Data

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

Astrapak Annual Data

Trend

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

LT-Debt-to-Total-Asset

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0.17

0.13

0.11

0.08

0.09

Astrapak Semi-Annual Data
	Feb06	Feb07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.08	0.06	0.09	0.08

Astrapak LT-Debt-to-Total-Asset Calculation

Astrapak's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2016 is calculated as

LT Debt to Total Assets (A: Feb. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2016 )	/	Total Assets (A: Feb. 2016 )
	=	162.245	/	1840.507
	=	0.09

Astrapak's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2016 is calculated as

LT Debt to Total Assets (Q: Aug. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2016 )	/	Total Assets (Q: Aug. 2016 )
	=	150.075	/	1818.262
	=	0.08

Astrapak (JSE:9035.PFD) 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.

Astrapak LT-Debt-to-Total-Asset Related Terms

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Astrapak Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Astrapak Ltd (JSE:9035.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Website

http://www.astrapak.co.za

Astrapak Ltd is engaged in manufacturing & distributing plastic packaging products. It provides packaging services to food, beverage, fruit, confectionery, pharmaceutical, petrochemical, industrial markets.

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