Elspec Engineering (XTAE:ELSPC) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Elspec Engineering 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. Elspec Engineering's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Elspec Engineering's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.06). It may suggest that Elspec Engineering is progressively becoming more dependent on debt to grow their business.

Elspec Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elspec Engineering'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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Elspec Engineering LT-Debt-to-Total-Asset Chart

Elspec Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.05

0.04

0.02

0.06

Elspec Engineering Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.04	0.03	0.02	0.04	0.06

Elspec Engineering LT-Debt-to-Total-Asset Calculation

Elspec Engineering'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 )
	=	6.443	/	113.68
	=	0.06

Elspec Engineering'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 )
	=	6.443	/	113.68
	=	0.06

Elspec Engineering (XTAE:ELSPC) 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.

Elspec Engineering LT-Debt-to-Total-Asset Related Terms

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Elspec Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elspec Engineering Ltd (XTAE:ELSPC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4 HaShoham Street, Zone 23, Caesarea Industrial Park, P.O. Box 3019, Caesarea, ISR, 38900

Website

https://www.elspec-ltd.com

Elspec Engineering Ltd is a provider of power quality solutions & services. It provides electrical power quality analyzers, real-time power factor correction systems, and energy saving solutions to the industrial, commercial, and utility industries. It has three research and development departments such as software and signal processing engineers, hardware analog, digital and power electricians.

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