Advance Equity Holding AD Sofia (XBUL:ADVE) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2019)

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What is Advance Equity Holding AD Sofia 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. Advance Equity Holding AD Sofia's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.10.

Advance Equity Holding AD Sofia's long-term debt to total assets ratio declined from Jun. 2018 (0.28) to Sep. 2019 (0.10). It may suggest that Advance Equity Holding AD Sofia is progressively becoming less dependent on debt to grow their business.

Advance Equity Holding AD Sofia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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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Advance Equity Holding AD Sofia LT-Debt-to-Total-Asset Chart

Advance Equity Holding AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.06

0.09

0.07

0.11

0.05

Advance Equity Holding AD Sofia Quarterly Data
	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.28	0.05	0.10	0.10

Advance Equity Holding AD Sofia LT-Debt-to-Total-Asset Calculation

Advance Equity Holding AD Sofia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0.971	/	19.701
	=	0.05

Advance Equity Holding AD Sofia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	2.242	/	22.317
	=	0.10

Advance Equity Holding AD Sofia (XBUL:ADVE) 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.

Advance Equity Holding AD Sofia LT-Debt-to-Total-Asset Related Terms

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Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advance Equity Holding AD Sofia (XBUL:ADVE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bul. Hristo Botev 57, Sofia, BGR, 1303

Website

http://www.advancequity.bg

Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

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