Albaad Massuot Yitzhak (XTAE:ALBA) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Albaad Massuot Yitzhak 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. Albaad Massuot Yitzhak's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Albaad Massuot Yitzhak's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.23). It may suggest that Albaad Massuot Yitzhak is progressively becoming more dependent on debt to grow their business.

Albaad Massuot Yitzhak LT-Debt-to-Total-Asset Historical Data

The historical data trend for Albaad Massuot Yitzhak'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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Albaad Massuot Yitzhak LT-Debt-to-Total-Asset Chart

Albaad Massuot Yitzhak Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.30

0.36

0.17

0.26

Albaad Massuot Yitzhak Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.26	0.26	0.23

Albaad Massuot Yitzhak LT-Debt-to-Total-Asset Calculation

Albaad Massuot Yitzhak's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	405.355	/	1582.603
	=	0.26

Albaad Massuot Yitzhak's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	353.379	/	1563.12
	=	0.23

Albaad Massuot Yitzhak (XTAE:ALBA) 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.

Albaad Massuot Yitzhak LT-Debt-to-Total-Asset Related Terms

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Albaad Massuot Yitzhak (XTAE:ALBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Albaad Massuot Yitzhak Ltd (XTAE:ALBA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Massuot Yitzhak, Sde Gat, ISR, 79858

Website

http://www.albaad.com

Albaad Massuot Yitzhak Ltd is engaged in the manufacturing of hygiene products such as wipes and sanitary products. Its products include cleansing wipes and pads, self-tan flick, makeup removal, natural radiance wipes, sunscreen wipes, moist toilet tissue, intimate wipes and personal care products, among others.

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