ECN Capital (STU:2EZ) LT-Debt-to-Total-Asset : 0.63 (As of Dec. 2024)

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What is ECN Capital 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. ECN Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.63.

ECN Capital's long-term debt to total assets ratio declined from Dec. 2023 (0.71) to Dec. 2024 (0.63). It may suggest that ECN Capital is progressively becoming less dependent on debt to grow their business.

ECN Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for ECN Capital'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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ECN Capital LT-Debt-to-Total-Asset Chart

ECN Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.30

0.24

0.73

0.71

0.63

ECN Capital Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.71	0.64	0.68	0.64	0.63

ECN Capital LT-Debt-to-Total-Asset Calculation

ECN Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	564.348	/	894.983
	=	0.63

ECN Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	564.348	/	894.983
	=	0.63

ECN Capital (STU:2EZ) 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.

ECN Capital LT-Debt-to-Total-Asset Related Terms

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ECN Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (STU:2EZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ECNCF:USA ECN.PR.C.PFD:Canada ECN:Canada

Address

199 Bay Street, Suite 4000, Commerce Court West, Toronto, ON, CAN, M5L1A9

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance and Recreational Vehicle and Marine (RV and Marine) Finance. It generates majority revenue from Manufactured Housing Finance segment.

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