Electricite et Eaux de Madagascar (XPAR:EEM) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Electricite et Eaux de Madagascar 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. Electricite et Eaux de Madagascar's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Electricite et Eaux de Madagascar's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Jun. 2024 (0.01). It may suggest that Electricite et Eaux de Madagascar is progressively becoming more dependent on debt to grow their business.

Electricite et Eaux de Madagascar LT-Debt-to-Total-Asset Historical Data

The historical data trend for Electricite et Eaux de Madagascar'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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Electricite et Eaux de Madagascar LT-Debt-to-Total-Asset Chart

Electricite et Eaux de Madagascar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.14

0.13

Electricite et Eaux de Madagascar Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.15	-	-	0.01

Electricite et Eaux de Madagascar LT-Debt-to-Total-Asset Calculation

Electricite et Eaux de Madagascar'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 )
	=	0	/	18.578
	=	0.00

Electricite et Eaux de Madagascar'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 )
	=	0.344	/	30.141
	=	0.01

Electricite et Eaux de Madagascar (XPAR:EEM) 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.

Electricite et Eaux de Madagascar LT-Debt-to-Total-Asset Related Terms

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Electricite et Eaux de Madagascar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Electricite et Eaux de Madagascar (XPAR:EEM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 avenue Victor Hugo, Paris, FRA, 75116

Website

http://www.eem-group.com

Electricite et Eaux de Madagascar is an international investment company. The company is present in the hotel industry in Cambodia and real estate in the Paris region holds a majority stake in Gascogne and a stake in the Societe Francaise de Casinos.