Impax Environmental Markets (LSE:IEM) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Impax Environmental Markets 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. Impax Environmental Markets's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Impax Environmental Markets's long-term debt to total assets ratio increased from Jun. 2023 (0.04) to Jun. 2024 (0.07). It may suggest that Impax Environmental Markets is progressively becoming more dependent on debt to grow their business.

Impax Environmental Markets LT-Debt-to-Total-Asset Historical Data

The historical data trend for Impax Environmental Markets'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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Impax Environmental Markets LT-Debt-to-Total-Asset Chart

Impax Environmental Markets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.04

0.07

Impax Environmental Markets Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.07	0.07

Impax Environmental Markets LT-Debt-to-Total-Asset Calculation

Impax Environmental Markets'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 )
	=	87.097	/	1313.442
	=	0.07

Impax Environmental Markets'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 )
	=	85.163	/	1207.973
	=	0.07

Impax Environmental Markets (LSE:IEM) 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.

Impax Environmental Markets LT-Debt-to-Total-Asset Related Terms

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Impax Environmental Markets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Environmental Markets PLC (LSE:IEM) » Definitions » LT-Debt-to-Total-Asset

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IEMl:UK

Address

140 Aldersgate Street, 4th Floor, London, GBR, EC1A 4HY

Website

https://www.impaxenvironmentalmarkets.co.uk

Impax Environmental Markets PLC is an investment trust company that is engaged in portfolio management. The company's investment objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water, and waste. It invests in quoted companies that provide, utilize, implement, or advise upon technology-based systems, products, or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.

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