Astral Foods (STU:A9U) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Astral Foods 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. Astral Foods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Astral Foods's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Astral Foods is progressively becoming less dependent on debt to grow their business.

Astral Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Astral Foods'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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Astral Foods LT-Debt-to-Total-Asset Chart

Astral Foods Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.05

0.04

0.03

0.02

0.01

Astral Foods Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.01	0.01

Astral Foods LT-Debt-to-Total-Asset Calculation

Astral Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	6.459	/	465.882
	=	0.01

Astral Foods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.459	/	465.882
	=	0.01

Astral Foods (STU:A9U) 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.

Astral Foods LT-Debt-to-Total-Asset Related Terms

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Astral Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Astral Foods Ltd (STU:A9U) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARL:South Africa

Address

13 Thunderbolt Lane, Lanseria Corporate Estate, Lanseria Ext 26, Lanseria, GT, ZAF, 1748

Website

https://www.astralfoods.com

Astral Foods Ltd is an integrated poultry producer operating under several brands. It supplies different poultry needs in Africa. The activities are divided into two operating segments. The poultry segment comprises the sale of poultry-related products for human consumption as well as day-old broilers, hatching eggs and day-old parent stock. The Feed segment comprises the sale of a wide range of specialized feed products for commercially farmed animal species. The majority of revenue is generated from the poultry segment. The company has multiple processing facilities to get the poultry to ready-to-eat form and manufacture vitamin and mineral feed additives.

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