Palestine Development & Investment Co (XPAE:PADICO) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2024)

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What is Palestine Development & Investment 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. Palestine Development & Investment Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.28.

Palestine Development & Investment Co's long-term debt to total assets ratio declined from Dec. 2023 (0.30) to Dec. 2024 (0.28). It may suggest that Palestine Development & Investment Co is progressively becoming less dependent on debt to grow their business.

Palestine Development & Investment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palestine Development & Investment 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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Palestine Development & Investment Co LT-Debt-to-Total-Asset Chart

Palestine Development & Investment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.26

0.31

0.30

0.28

Palestine Development & Investment Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.30	0.29	0.29	0.28

Palestine Development & Investment Co LT-Debt-to-Total-Asset Calculation

Palestine Development & Investment Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	203.792	/	722.529
	=	0.28

Palestine Development & Investment Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	203.792	/	722.529
	=	0.28

Palestine Development & Investment Co (XPAE:PADICO) 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.

Palestine Development & Investment Co LT-Debt-to-Total-Asset Related Terms

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Palestine Development & Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Palestine Development & Investment Co (XPAE:PADICO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box: 666 Palestine, Rawabi, PSE, 11118

Website

https://www.padico.com

Palestine Development & Investment Co is an investment and development company. It invests in real estate, telecommunications, tourism, industry, agriculture, infrastructure, financial services, and the environment sectors. The company's objective is to develop and encourage investment in various sectors and technical and consultancy services through the establishment of companies, joint ventures, and associations with other companies. The firm's investment plan is based on sector diversification, long-term investment, and well-founded partnerships. It classifies its investments in subsidiary companies, affiliated companies, and other investments.

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