Trace SOP EOOD (XBUL:T57) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2023)

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What is Trace SOP EOOD 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. Trace SOP EOOD's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.03.

Trace SOP EOOD's long-term debt to total assets ratio increased from Jun. 2022 (0.01) to Jun. 2023 (0.03). It may suggest that Trace SOP EOOD is progressively becoming more dependent on debt to grow their business.

Trace SOP EOOD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trace SOP EOOD'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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Trace SOP EOOD LT-Debt-to-Total-Asset Chart

Trace SOP EOOD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.03

0.02

0.03

Trace SOP EOOD Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.02	0.03	0.03	0.03

Trace SOP EOOD LT-Debt-to-Total-Asset Calculation

Trace SOP EOOD'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 )
	=	6.712	/	270.765
	=	0.02

Trace SOP EOOD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	9.39	/	305.859
	=	0.03

Trace SOP EOOD (XBUL:T57) 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.

Trace SOP EOOD LT-Debt-to-Total-Asset Related Terms

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Trace SOP EOOD (XBUL:T57) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trace SOP EOOD (XBUL:T57) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ul. Nikola Obrazopisov ? 12, Sofia, BGR, 1408

Website

http://www.tracebg.com

Trace SOP EOOD is engaged in construction and related activities. It performs major public projects in the field of infrastructure, environment, public works and hydro-technical construction, energy and building construction.

Trace SOP EOOD (XBUL:T57) Headlines

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