Industrias Ales (QUI:IND) LT-Debt-to-Total-Asset : 0.34 (As of Jun. 2022)

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What is Industrias Ales 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. Industrias Ales's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.34.

Industrias Ales's long-term debt to total assets ratio declined from Dec. 2020 (0.36) to Jun. 2022 (0.34). It may suggest that Industrias Ales is progressively becoming less dependent on debt to grow their business.

Industrias Ales LT-Debt-to-Total-Asset Historical Data

The historical data trend for Industrias Ales'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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Industrias Ales LT-Debt-to-Total-Asset Chart

Industrias Ales Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

0.34

0.35

0.36

Industrias Ales Semi-Annual Data
	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.35	0.31	0.36	0.34	0.34

Industrias Ales LT-Debt-to-Total-Asset Calculation

Industrias Ales's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	68.089	/	189.391
	=	0.36

Industrias Ales's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	68.023	/	200.371
	=	0.34

Industrias Ales (QUI:IND) 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.

Industrias Ales LT-Debt-to-Total-Asset Related Terms

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Industrias Ales (QUI:IND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Industrias Ales SA (QUI:IND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Galo Plaza N51-23, Quito, ECU

Website

https://www.ales.com.ec

Industrias Ales SA is an Ecuador-based Agroindustrial company. It is engaged in the manufacturing and marketing of food and cleaning products. The products category of the company include food, confits, Home care and personal care.

Industrias Ales (QUI:IND) Headlines

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