SODE Cote d'Ivoire (XBRV:SDCC) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2019)

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What is SODE Cote d'Ivoire 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. SODE Cote d'Ivoire's long-term debt to total assests ratio for the quarter that ended in Dec. 2019 was 0.15.

SODE Cote d'Ivoire's long-term debt to total assets ratio declined from Dec. 2017 (0.16) to Dec. 2019 (0.15). It may suggest that SODE Cote d'Ivoire is progressively becoming less dependent on debt to grow their business.

SODE Cote d'Ivoire LT-Debt-to-Total-Asset Historical Data

The historical data trend for SODE Cote d'Ivoire'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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SODE Cote d'Ivoire LT-Debt-to-Total-Asset Chart

SODE Cote d'Ivoire Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.22

0.20

0.16

0.15

SODE Cote d'Ivoire Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.22	0.20	0.16	0.16	0.15

SODE Cote d'Ivoire LT-Debt-to-Total-Asset Calculation

SODE Cote d'Ivoire's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	34520.199	/	238492.326
	=	0.14

SODE Cote d'Ivoire's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (Q: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2019 )	/	Total Assets (Q: Dec. 2019 )
	=	34520.199	/	238492.326
	=	0.14

SODE Cote d'Ivoire (XBRV:SDCC) 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.

SODE Cote d'Ivoire LT-Debt-to-Total-Asset Related Terms

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SODE Cote d'Ivoire (XBRV:SDCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SODE Cote d'Ivoire (XBRV:SDCC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Avenue Christiani, Treichville, Abidjan, CIV, BP1843

Website

http://www.sodeci.ci

SODE Cote d'Ivoire is engaged in operation and maintenance of drinking water and sanitation. The services provided by the company includes connection, subscription, termination, renewal and mutation among others.

SODE Cote d'Ivoire (XBRV:SDCC) Headlines

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