Asbisc Enterprises (WAR:ASB) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Asbisc Enterprises 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. Asbisc Enterprises's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Asbisc Enterprises's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.03). It may suggest that Asbisc Enterprises is progressively becoming more dependent on debt to grow their business.

Asbisc Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asbisc Enterprises'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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Asbisc Enterprises LT-Debt-to-Total-Asset Chart

Asbisc Enterprises Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Asbisc Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.03

Asbisc Enterprises LT-Debt-to-Total-Asset Calculation

Asbisc Enterprises'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 )
	=	57.395	/	3963.093
	=	0.01

Asbisc Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	109.051	/	4069.561
	=	0.03

Asbisc Enterprises (WAR:ASB) 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.

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Asbisc Enterprises (WAR:ASB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asbisc Enterprises PLC (WAR:ASB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1, Iapetou Street, Agios Athanasios, Limassol, CYP, 4101

Website

https://www.asbis.com

Asbisc Enterprises PLC specializes in the trading and distribution of information and communications technology products and solutions. The company distributes products like tablets, smartphones, laptops, desktop computers, servers, and networking equipment to retail, corporate clients, SMB, and wholesale, as well as IT components such as complete solutions, building blocks, and peripherals to enterprise segment, assemblers, system integrators, and local brands. The company operates in four principal geographical areas - The former Soviet Union, Central Eastern Europe, Western Europe, and the Middle East and Africa.