Arad Investment & Industrial Development (XTAE:ARAD) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is Arad Investment & Industrial Development 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. Arad Investment & Industrial Development's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

Arad Investment & Industrial Development's long-term debt to total assets ratio declined from Jun. 2023 (0.31) to Jun. 2024 (0.29). It may suggest that Arad Investment & Industrial Development is progressively becoming less dependent on debt to grow their business.

Arad Investment & Industrial Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arad Investment & Industrial Development'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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Arad Investment & Industrial Development LT-Debt-to-Total-Asset Chart

Arad Investment & Industrial Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.33

0.31

0.30

0.04

Arad Investment & Industrial Development 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															0.31	0.32	0.04	0.27	0.29

Arad Investment & Industrial Development LT-Debt-to-Total-Asset Calculation

Arad Investment & Industrial Development'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 )
	=	434.043	/	11675.434
	=	0.04

Arad Investment & Industrial Development'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 )
	=	691.893	/	2406.157
	=	0.29

Arad Investment & Industrial Development (XTAE:ARAD) 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.

Arad Investment & Industrial Development LT-Debt-to-Total-Asset Related Terms

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Arad Investment & Industrial Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Arad Investment & Industrial Development Ltd (XTAE:ARAD) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Beit Isras, 3 Har Sini Street, Tel-Aviv, ISR, 65816

Website

http://www.arad.co.il

Arad Investment & Industrial Develop Ltd is a holding company that invests in three core activities: real estate, information technology and construction materials.

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