Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Energia Innovacion Y Desarrollo Fotovoltaico 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. Energia Innovacion Y Desarrollo Fotovoltaico's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Energia Innovacion Y Desarrollo Fotovoltaico's long-term debt to total assets ratio increased from Jun. 2023 (0.06) to Jun. 2024 (0.07). It may suggest that Energia Innovacion Y Desarrollo Fotovoltaico is progressively becoming more dependent on debt to grow their business.

Energia Innovacion Y Desarrollo Fotovoltaico LT-Debt-to-Total-Asset Historical Data

The historical data trend for Energia Innovacion Y Desarrollo Fotovoltaico'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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Energia Innovacion Y Desarrollo Fotovoltaico LT-Debt-to-Total-Asset Chart

Energia Innovacion Y Desarrollo Fotovoltaico Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.16

0.12

0.06

0.08

Energia Innovacion Y Desarrollo Fotovoltaico Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.07	0.06	0.06	0.08	0.07

Energia Innovacion Y Desarrollo Fotovoltaico LT-Debt-to-Total-Asset Calculation

Energia Innovacion Y Desarrollo Fotovoltaico'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 )
	=	12.495	/	161.186
	=	0.08

Energia Innovacion Y Desarrollo Fotovoltaico's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	10.602	/	147.117
	=	0.07

Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) 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.

Energia Innovacion Y Desarrollo Fotovoltaico LT-Debt-to-Total-Asset Related Terms

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Energia Innovacion Y Desarrollo Fotovoltaico Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energia Innovacion Y Desarrollo Fotovoltaico SA (XMAD:EIDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

F63:Germany

Address

Poligono Industrial Outeda - Curro, No.3, Mud, Pontevedra, ESP, 36692

Website

https://www.eidfsolar.es

Energia Innovacion Y Desarrollo Fotovoltaico SA is a company specialized in photovoltaic solar energy projects. It offers engineering services, energy consulting, and installation of low and medium voltage. It is engaged in self-consumption photovoltaic installations for companies. Some of its projects are Generation park-Pulpi I, Fricosa, Barcia pipes, Peregrin One Garlic among others.

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