Doric Nimrod Air Three (LSE:DNA3) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Doric Nimrod Air Three 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. Doric Nimrod Air Three's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Doric Nimrod Air Three's long-term debt to total assets ratio declined from Sep. 2022 (0.23) to Sep. 2023 (0.00). It may suggest that Doric Nimrod Air Three is progressively becoming less dependent on debt to grow their business.

Doric Nimrod Air Three LT-Debt-to-Total-Asset Historical Data

The historical data trend for Doric Nimrod Air Three'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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Doric Nimrod Air Three LT-Debt-to-Total-Asset Chart

Doric Nimrod Air Three Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.42

0.39

0.33

0.27

0.12

Doric Nimrod Air Three Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.29	0.27	0.23	0.12	-

Doric Nimrod Air Three LT-Debt-to-Total-Asset Calculation

Doric Nimrod Air Three'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 )
	=	24.136	/	208.572
	=	0.12

Doric Nimrod Air Three's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	195.021
	=	0.00

Doric Nimrod Air Three (LSE:DNA3) 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.

Doric Nimrod Air Three LT-Debt-to-Total-Asset Related Terms

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Doric Nimrod Air Three (LSE:DNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Three Ltd (LSE:DNA3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 4EU

Website

https://www.dnairthree.com

Doric Nimrod Air Three Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The Company is engaged in a single segment of business, being acquiring, leasing and then selling of the Aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.

Doric Nimrod Air Three (LSE:DNA3) Headlines

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