Aveng (JSE:AEG) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is Aveng 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. Aveng's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

Aveng's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.09). It may suggest that Aveng is progressively becoming less dependent on debt to grow their business.

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

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

Aveng Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.11

0.08

0.10

0.12

0.11

Aveng Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.12	0.12	0.11	0.09

Aveng LT-Debt-to-Total-Asset Calculation

Aveng's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	1694.107	/	15451.454
	=	0.11

Aveng'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 )
	=	1129.275	/	12453.622
	=	0.09

Aveng (JSE:AEG) 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.

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

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Aveng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

UG8K:Germany UG8:Germany

Address

2 Merlin Rose Avenue, Parkhaven, Boksburg, GT, ZAF, 1459

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments; the Infrastructure segment comprises McConnell Dowell and is divided into Australia, New Zealand and Pacific Islands, and Southeast Asia; the Building segment comprises Built Environs, an infrastructure-led specialist with experience in sport, health and science, defence, education, residential, commercial, retail, industrial, and infrastructure sectors; the Mining segment comprises Moolmans, a tier-one contract mining business operating in Africa with a primary focus on open cast mining; and Aveng Legacy and the Aveng Corporate and eliminations segment. It generates the majority of its revenue from the Infrastructure segment.