Afcon Holdings (XTAE:AFHL) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Afcon Holdings 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. Afcon Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Afcon Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.23). It may suggest that Afcon Holdings is progressively becoming less dependent on debt to grow their business.

Afcon Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Afcon Holdings'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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Afcon Holdings LT-Debt-to-Total-Asset Chart

Afcon Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.26

0.23

Afcon Holdings 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															0.23	0.24	0.22	0.24	0.23

Afcon Holdings LT-Debt-to-Total-Asset Calculation

Afcon Holdings'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 )
	=	449.418	/	1946.808
	=	0.23

Afcon Holdings'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 )
	=	449.418	/	1946.808
	=	0.23

Afcon Holdings (XTAE:AFHL) 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.

Afcon Holdings LT-Debt-to-Total-Asset Related Terms

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Afcon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Afcon Holdings Ltd (XTAE:AFHL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Tavor Alley, Sgula street, Segula Industrial Zone, Petach Tikva, ISR, 4969104

Website

http://www.afcon-ind.co.il

Afcon Holdings Ltd manufactures electronic components. It provide solutions such as construction contracting and finishing works, installation of electro-mechanical systems (electricity, air conditioning, cooling and plumbing), installation of electrical systems for industry, manufacture and installation of electrical infrastructure products for high voltage, medium / high voltage and low voltage for buildings, Gas engineering, and construction and execution of wind farms, photovoltaic fields and infrastructure facilities. It provides solutions to large-scale projects in the fields of infrastructure, electromechanical systems, control and automation and communications.

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