EZZ Steel CoE (LSE:67NW) LT-Debt-to-Total-Asset: 0.23 (As of Jun. 2024)

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What is EZZ Steel CoE LT-Debt-to-Total-Asset?

EZZ Steel CoE LSE:67NW 4 LT-Debt-to-Total-Asset is 0.23 as of Jun. 2024. GuruFocus rates LSE:67NW with a GF Score™ of 4/100. The stock has 7 warning signs investors should review.

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. EZZ Steel CoE's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

EZZ Steel CoE's long-term debt to total assets ratio increased from Jun. 2023 (0.22) to Jun. 2024 (0.23). It may suggest that EZZ Steel CoE is progressively becoming more dependent on debt to grow their business.

EZZ Steel CoE  (LSE:67NW) 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.

EZZ Steel CoE LT-Debt-to-Total-Asset Related Terms

EZZ Steel CoE LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for EZZ Steel CoE'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.

EZZ Steel CoE LT-Debt-to-Total-Asset Chart

EZZ Steel CoE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.36 0.30 0.26 0.24

EZZ Steel CoE Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.24 0.24 0.22 0.23

EZZ Steel CoE LT-Debt-to-Total-Asset Calculation

EZZ Steel CoE'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 )
=679.502/2897.429
=0.23

EZZ Steel CoE's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=455.756/1980.558
=0.23

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.23 mean?
EZZ Steel CoE (LSE:67NW) has a LT-Debt-to-Total-Asset of 0.23 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on EZZ Steel CoE and its competitors.
Is EZZ Steel CoE's LT-Debt-to-Total-Asset too high?
EZZ Steel CoE's current LT-Debt-to-Total-Asset is 0.23. Overall, EZZ Steel CoE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does EZZ Steel CoE's LT-Debt-to-Total-Asset compare to NUE and STLD?
EZZ Steel CoE's LT-Debt-to-Total-Asset of 0.23 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Steel company?
A good LT-Debt-to-Total-Asset depends on the Steel industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on EZZ Steel CoE and its competitors. EZZ Steel CoE's current LT-Debt-to-Total-Asset is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZZ Steel CoE stock overvalued right now?
EZZ Steel CoE (LSE:67NW) has a current LT-Debt-to-Total-Asset of 0.23. The current LT-Debt-to-Total-Asset is 0.23. EZZ Steel CoE's overall GF Score™ is 4/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For EZZ Steel CoE (LSE:67NW), the current LT-Debt-to-Total-Asset is 0.23 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EZZ Steel CoE Business Description

Address Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089
EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.