ECO Buildings Group (LSE:ECOB) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2023)

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What is ECO Buildings Group 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. ECO Buildings Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.37.

ECO Buildings Group's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.37). It may suggest that ECO Buildings Group is progressively becoming more dependent on debt to grow their business.

ECO Buildings Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for ECO Buildings Group'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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ECO Buildings Group LT-Debt-to-Total-Asset Chart

ECO Buildings Group Annual Data

Trend

Dec21

LT-Debt-to-Total-Asset

ECO Buildings Group Semi-Annual Data
	Jun22	Jun23
LT-Debt-to-Total-Asset	-	0.37

ECO Buildings Group LT-Debt-to-Total-Asset Calculation

ECO Buildings Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0	/	0.001
	=

ECO Buildings Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	4.961	/	13.264
	=	0.37

ECO Buildings Group (LSE:ECOB) 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.

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ECO Buildings Group (LSE:ECOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group Plc (LSE:ECOB) » Definitions » LT-Debt-to-Total-Asset

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ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

ECO Buildings Group (LSE:ECOB) Headlines

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