Insimbi Industrial Holdings (JSE:ISB) LT-Debt-to-Total-Asset : 0.01 (As of Aug. 2024)

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What is Insimbi Industrial Holdings 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. Insimbi Industrial Holdings's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.01.

Insimbi Industrial Holdings's long-term debt to total assets ratio declined from Aug. 2023 (0.01) to Aug. 2024 (0.01). It may suggest that Insimbi Industrial Holdings is progressively becoming less dependent on debt to grow their business.

Insimbi Industrial Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Insimbi Industrial Holdings'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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Insimbi Industrial Holdings LT-Debt-to-Total-Asset Chart

Insimbi Industrial Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.22

0.16

0.11

0.09

Insimbi Industrial Holdings Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.11	0.01	0.09	0.01

Insimbi Industrial Holdings LT-Debt-to-Total-Asset Calculation

Insimbi Industrial Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	136.316	/	1603.717
	=	0.09

Insimbi Industrial Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	7.055	/	1557.485
	=	0.00

Insimbi Industrial Holdings (JSE:ISB) 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.

Insimbi Industrial Holdings LT-Debt-to-Total-Asset Related Terms

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Insimbi Industrial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Insimbi Industrial Holdings Ltd (JSE:ISB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

359 Crocker Road, Wadeville, Extension 4, Germiston, Johannesburg, GT, ZAF, 1407

Website

https://www.insimbi-group.co.za

Insimbi Industrial Holdings Ltd is a South Africa based company engaged in providing commodities like ferrous and non-ferrous alloys to the steel, aluminum, cement and foundry industries. In addition, it also operates in refractory materials and plastics division. The company's business segments are Non-ferrous, Ferrous, Refractory and Plastics. The group generates the majority of the revenue from the Non-ferrous segment. Non-ferrous segment consists of the divisions which service the foundry and non-ferrous industry, both automotive and heavy, aluminum industry and the powder coating industry. The company exports internationally and derives its key revenue from South Africa.

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