Energix-Renewable Energies (XTAE:ENRG) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Energix-Renewable Energies 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. Energix-Renewable Energies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Energix-Renewable Energies's long-term debt to total assets ratio increased from Mar. 2023 (0.42) to Mar. 2024 (0.44). It may suggest that Energix-Renewable Energies is progressively becoming more dependent on debt to grow their business.

Energix-Renewable Energies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Energix-Renewable Energies'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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Energix-Renewable Energies LT-Debt-to-Total-Asset Chart

Energix-Renewable Energies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.49

0.45

0.51

0.44

Energix-Renewable Energies 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															0.42	0.47	0.49	0.44	0.44

Energix-Renewable Energies LT-Debt-to-Total-Asset Calculation

Energix-Renewable Energies'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 )
	=	4330.347	/	9810.878
	=	0.44

Energix-Renewable Energies'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 )
	=	4581.785	/	10417.694
	=	0.44

Energix-Renewable Energies (XTAE:ENRG) 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.

Energix-Renewable Energies LT-Debt-to-Total-Asset Related Terms

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Energix-Renewable Energies (XTAE:ENRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energix-Renewable Energies Ltd (XTAE:ENRG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ENREF:USA

Address

2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, ISR, 5250501

Website

https://www.energix-group.com

Energix-Renewable Energies Ltd is an Israel based renewable energy company engaged in the field of solar (photovoltaic) and wind energy. The group operates its activities in two reporting segments namely, the Photovoltaic segment, and the Wind segment. It develops, plans, and constructs projects for the production and sale of electricity using its photovoltaic solar systems under the Photovoltaic segment. The company also plans and constructs projects for the production and sale of electricity by using wind energy. Its Wind energy segment projects are located in Israel and Poland. The group generates the majority of its revenue from the Wind segment.