Carmit Candy Industries (XTAE:CRMT) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Carmit Candy Industries 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. Carmit Candy Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Carmit Candy Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.28). It may suggest that Carmit Candy Industries is progressively becoming less dependent on debt to grow their business.

Carmit Candy Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Carmit Candy Industries'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.

* Premium members only.

Carmit Candy Industries LT-Debt-to-Total-Asset Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.01

0.30

0.28

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.01	0.01	0.30	0.28	0.28

Carmit Candy Industries LT-Debt-to-Total-Asset Calculation

Carmit Candy Industries'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 )
	=	68.218	/	246.624
	=	0.28

Carmit Candy Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	68.218	/	246.624
	=	0.28

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Carmit Candy Industries's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.