The Kenya Power & Lighting Co (NAI:KPLC) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2024)

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What is The Kenya Power & Lighting Co 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. The Kenya Power & Lighting Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

The Kenya Power & Lighting Co's long-term debt to total assets ratio declined from Jun. 2023 (0.27) to Jun. 2024 (0.23). It may suggest that The Kenya Power & Lighting Co is progressively becoming less dependent on debt to grow their business.

The Kenya Power & Lighting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Kenya Power & Lighting Co'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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The Kenya Power & Lighting Co LT-Debt-to-Total-Asset Chart

The Kenya Power & Lighting Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.30

0.28

0.27

0.23

The Kenya Power & Lighting Co Semi-Annual Data
	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	-	0.27	-	0.23

The Kenya Power & Lighting Co LT-Debt-to-Total-Asset Calculation

The Kenya Power & Lighting Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	82306.226	/	358086.199
	=	0.23

The Kenya Power & Lighting Co'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 )
	=	82306.226	/	358086.199
	=	0.23

The Kenya Power & Lighting Co (NAI:KPLC) 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.

The Kenya Power & Lighting Co LT-Debt-to-Total-Asset Related Terms

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The Kenya Power & Lighting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The Kenya Power & Lighting Co PLC (NAI:KPLC) » Definitions » LT-Debt-to-Total-Asset

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Address

Kolobot Road, Parklands, Stima Plaza, Po Box 30099, Nairobi, KEN, 00100

Website

https://www.kplc.co.ke

The Kenya Power & Lighting Co PLC is an electric power distribution company. The core business of the company includes transmission, distribution, and retail of electricity throughout Kenya. The company's business is organized by regions comprising Nairobi, Mount Kenya, Coast, and West Kenya. The firm also owns and operates an electricity transmission and distribution system in Kenya. The majority of the company's revenue is derived from the Nairobi region.

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