Edita Food Industries S.A.E (LSE:EFID) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Edita Food Industries S.A.E 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. Edita Food Industries S.A.E's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Edita Food Industries S.A.E's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.16). It may suggest that Edita Food Industries S.A.E is progressively becoming more dependent on debt to grow their business.

Edita Food Industries S.A.E LT-Debt-to-Total-Asset Historical Data

The historical data trend for Edita Food Industries S.A.E'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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Edita Food Industries S.A.E LT-Debt-to-Total-Asset Chart

Edita Food Industries S.A.E Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.20

0.15

0.16

Edita Food Industries S.A.E Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.14	0.12	0.13	0.16

Edita Food Industries S.A.E LT-Debt-to-Total-Asset Calculation

Edita Food Industries S.A.E'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 )
	=	40.769	/	250.966
	=	0.16

Edita Food Industries S.A.E's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	40.769	/	250.966
	=	0.16

Edita Food Industries S.A.E (LSE:EFID) 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.

Edita Food Industries S.A.E LT-Debt-to-Total-Asset Related Terms

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Edita Food Industries S.A.E Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edita Food Industries S.A.E (LSE:EFID) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edita Group Building, P.O. Box 64, Plot no. 13 - Central Pivot, El Sheikh Zayed, Cairo, EGY, 12588

Website

https://www.edita.com.eg

Edita Food Industries S.A.E is a consumer goods company with a presence in Egypt and the Middle East. The company manufactures, produces, and packages food and snack products. Edita operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits. The cakes segment contributes a substantial percentage of company sales. Some major brands include Molto, TODO, Bake Rolz, and Twinkies. The company has a vast distribution network of wholesalers and retailers in the Middle East and North Africa and sells its products to more than seventeen regional markets.

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