Proeduca Altus (XMAD:PRO) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2023)

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What is Proeduca Altus 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. Proeduca Altus's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.00.

Proeduca Altus's long-term debt to total assets ratio declined from Aug. 2022 (0.00) to Aug. 2023 (0.00). It may suggest that Proeduca Altus is progressively becoming less dependent on debt to grow their business.

Proeduca Altus LT-Debt-to-Total-Asset Historical Data

The historical data trend for Proeduca Altus'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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Proeduca Altus LT-Debt-to-Total-Asset Chart

Proeduca Altus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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Proeduca Altus Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	-

Proeduca Altus LT-Debt-to-Total-Asset Calculation

Proeduca Altus's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	0.06	/	233.722
	=	0.00

Proeduca Altus's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	0.06	/	233.722
	=	0.00

Proeduca Altus (XMAD:PRO) 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.

Proeduca Altus LT-Debt-to-Total-Asset Related Terms

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Proeduca Altus (XMAD:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Proeduca Altus SA (XMAD:PRO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Avenue De La Paz 137, Logrono, ESP, 26006

Website

https://www.grupoproeduca.com

Proeduca Altus SA is engaged in the business of providing online education. The business has its presence in Spain, Ecuador, Colombia, Mexico, Peru, Argentina, Bolivia and the USA.