SIMEC Atlantis Energy (LSE:SAE) LT-Debt-to-Total-Asset : 0.36 (As of Jun. 2024)

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What is SIMEC Atlantis Energy 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. SIMEC Atlantis Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.36.

SIMEC Atlantis Energy's long-term debt to total assets ratio declined from Jun. 2023 (0.49) to Jun. 2024 (0.36). It may suggest that SIMEC Atlantis Energy is progressively becoming less dependent on debt to grow their business.

SIMEC Atlantis Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for SIMEC Atlantis Energy'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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SIMEC Atlantis Energy LT-Debt-to-Total-Asset Chart

SIMEC Atlantis Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.28

0.51

0.35

SIMEC Atlantis Energy 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															0.51	0.51	0.49	0.35	0.36

SIMEC Atlantis Energy LT-Debt-to-Total-Asset Calculation

SIMEC Atlantis Energy'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 )
	=	44.837	/	128.935
	=	0.35

SIMEC Atlantis Energy'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 )
	=	44.882	/	124.508
	=	0.36

SIMEC Atlantis Energy (LSE:SAE) 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.

SIMEC Atlantis Energy LT-Debt-to-Total-Asset Related Terms

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SIMEC Atlantis Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SIMEC Atlantis Energy Ltd (LSE:SAE) » Definitions » LT-Debt-to-Total-Asset

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SMAYF:USA 7K8:Germany

Address

26 Dublin Street, Edinburgh, London, GBR, EH3 6NN

Website

https://www.saerenewables.com

SIMEC Atlantis Energy Ltd operates in the sustainable energy sector. It is engaged in the design, development, construction, conversion, installation, completion, testing, commissioning, operation, and maintenance of sustainable energy projects. The company's operating segment includes Power generation, Battery storage, and Project development. Maximum revenue is generated from its Battery storage segment which includes income from the firm's battery storage project portfolio. Its power generation and project development operations are entirely based in the United Kingdom.

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