Express Kenya (NAI:XPRS) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Express Kenya 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. Express Kenya's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Express Kenya's long-term debt to total assets ratio increased from Dec. 2021 (0.21) to Dec. 2023 (0.29). It may suggest that Express Kenya is progressively becoming more dependent on debt to grow their business.

Express Kenya LT-Debt-to-Total-Asset Historical Data

The historical data trend for Express Kenya'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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Express Kenya LT-Debt-to-Total-Asset Chart

Express Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.58

0.21

0.29

Express Kenya Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.58	0.21	0.21	0.21	0.29

Express Kenya LT-Debt-to-Total-Asset Calculation

Express Kenya'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 )
	=	401.434	/	1369.434
	=	0.29

Express Kenya'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 )
	=	401.434	/	1369.434
	=	0.29

Express Kenya (NAI:XPRS) 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.

Express Kenya LT-Debt-to-Total-Asset Related Terms

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Express Kenya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Express Kenya PLC (NAI:XPRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100

Website

http://www.expresskenya.co.ke

Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as logistics services. It operates through the following segments: Clearing and Forwarding, Warehousing, and Real Estate. The Clearing and Forwarding segment includes the distribution of products to various parts of the country. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties.

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