ABC Motors Co (XMAU:ABC) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is ABC Motors Co 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. ABC Motors Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

ABC Motors Co's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.00). It may suggest that ABC Motors Co is progressively becoming less dependent on debt to grow their business.

ABC Motors Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for ABC Motors Co'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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ABC Motors Co LT-Debt-to-Total-Asset Chart

ABC Motors Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.11

0.10

0.09

0.11

ABC Motors Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	-	-	-	-

ABC Motors Co LT-Debt-to-Total-Asset Calculation

ABC Motors Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0	/	3318.114
	=	0.00

ABC Motors Co'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 )
	=	0	/	3318.114
	=	0.00

ABC Motors Co (XMAU:ABC) 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.

ABC Motors Co LT-Debt-to-Total-Asset Related Terms

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ABC Motors Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Motors Co Ltd (XMAU:ABC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Military Road, ABC Centre, Port Louis, MUS

Website

https://www.abcmotors.mu

ABC Motors Co Ltd is the distributor of automotive vehicles. The principal activities of the Company comprise of the sales and service of vehicles, trucks, buses, forklifts and accessories of Nissan Motors Co. Ltd and UD Trucks Corporation.

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