Fire & Gas Detection Technologies (XTAE:FGAS) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

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What is Fire & Gas Detection Technologies 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. Fire & Gas Detection Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Fire & Gas Detection Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.49) to Dec. 2023 (0.25). It may suggest that Fire & Gas Detection Technologies is progressively becoming less dependent on debt to grow their business.

Fire & Gas Detection Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fire & Gas Detection Technologies'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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Fire & Gas Detection Technologies LT-Debt-to-Total-Asset Chart

Fire & Gas Detection Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.04

0.51

0.46

0.49

0.25

Fire & Gas Detection Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.46	0.42	0.49	0.46	0.25

Fire & Gas Detection Technologies LT-Debt-to-Total-Asset Calculation

Fire & Gas Detection Technologies'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 )
	=	17.08	/	67.257
	=	0.25

Fire & Gas Detection Technologies'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 )
	=	17.08	/	67.257
	=	0.25

Fire & Gas Detection Technologies (XTAE:FGAS) 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.

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Fire & Gas Detection Technologies (XTAE:FGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fire & Gas Detection Technologies Ltd (XTAE:FGAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Bror Hayil, Ashkelon Beach, Ashkelon, ISR, 693709

Website

https://www.fg-detection.com

Fire & Gas Detection Technologies Ltd is engaged in the business of providing flame detection systems to the Oil & Gas industry.

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