Dor Alon Energy In Israel (XTAE:DRAL) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2024)

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What is Dor Alon Energy In Israel 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. Dor Alon Energy In Israel's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.36.

Dor Alon Energy In Israel's long-term debt to total assets ratio increased from Sep. 2023 (0.33) to Sep. 2024 (0.36). It may suggest that Dor Alon Energy In Israel is progressively becoming more dependent on debt to grow their business.

Dor Alon Energy In Israel LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dor Alon Energy In Israel'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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Dor Alon Energy In Israel LT-Debt-to-Total-Asset Chart

Dor Alon Energy In Israel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.38

0.32

0.35

Dor Alon Energy In Israel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.35	0.36	0.35	0.36

Dor Alon Energy In Israel LT-Debt-to-Total-Asset Calculation

Dor Alon Energy In Israel'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 )
	=	2064.467	/	5870.124
	=	0.35

Dor Alon Energy In Israel's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2185.484	/	6065.671
	=	0.36

Dor Alon Energy In Israel (XTAE:DRAL) 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.

Dor Alon Energy In Israel LT-Debt-to-Total-Asset Related Terms

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Dor Alon Energy In Israel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dor Alon Energy In Israel (XTAE:DRAL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

France Building, Europark, P.O. Box 1, Yakum, ISR, 60972

Website

https://www.doralon.co.il

Dor Alon Energy in Israel stores carry a varieties of products, including soft drinks, sweet and savory snacks, cigarettes, sandwiches, fast food, travel and camping equipment, car accessories, and more. In addition, various services are provided, such as cash withdrawals, mobile phone charging, and payment of Highway 6 invoices. All stores have pastry corners and professional coffee machines, selling Illy coffee.

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