Doverie Obed Hl (XBUL:DUH) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2023)

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What is Doverie Obed Hl 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. Doverie Obed Hl's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.05.

Doverie Obed Hl's long-term debt to total assets ratio declined from Sep. 2022 (0.06) to Sep. 2023 (0.05). It may suggest that Doverie Obed Hl is progressively becoming less dependent on debt to grow their business.

Doverie Obed Hl LT-Debt-to-Total-Asset Historical Data

The historical data trend for Doverie Obed Hl'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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Doverie Obed Hl LT-Debt-to-Total-Asset Chart

Doverie Obed Hl Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.15

0.09

0.07

0.06

Doverie Obed Hl Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.07	0.06	0.05

Doverie Obed Hl LT-Debt-to-Total-Asset Calculation

Doverie Obed Hl's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	172.798	/	2717.792
	=	0.06

Doverie Obed Hl's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	158.856	/	3253.602
	=	0.05

Doverie Obed Hl (XBUL:DUH) 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.

Doverie Obed Hl LT-Debt-to-Total-Asset Related Terms

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Doverie Obed Hl (XBUL:DUH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Doverie Obed Hl (XBUL:DUH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

5 Lachezar Stanchev Str., Building A, floor 7, Sopharma Business Towers, Sofia, BGR, 1756

Website

https://www.doverie.bg

Doverie Obed Hl is a holding company that unites companies which carry out their activities in the field of commercial banking, health care, wine making, residential building, household chemicals, purchase/sale of DIY goods, renting out real estate and movable property and others. The company has the following operating segments Banking sector, Insurance sector Trade in 'do it yourself' goods, Non-financial enterprises performing financial services, Medical services, Detergents & household chemicals and Others The majority of revenue is from the Banking sector.

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