European Assets Trust (CHIX:EATL) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is European Assets Trust 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. European Assets Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

European Assets Trust's long-term debt to total assets ratio increased from Dec. 2021 (0.05) to Dec. 2023 (0.07). It may suggest that European Assets Trust is progressively becoming more dependent on debt to grow their business.

European Assets Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for European Assets Trust'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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European Assets Trust LT-Debt-to-Total-Asset Chart

European Assets Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.03

0.07

European Assets Trust Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.03	0.05	0.07

European Assets Trust LT-Debt-to-Total-Asset Calculation

European Assets Trust'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 )
	=	25.996	/	380.218
	=	0.07

European Assets Trust'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 )
	=	25.996	/	380.218
	=	0.07

European Assets Trust (CHIX:EATl) 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.

European Assets Trust LT-Debt-to-Total-Asset Related Terms

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European Assets Trust (CHIX:EATL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » European Assets Trust PLC (CHIX:EATl) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EAT:UK

Address

Primrose Street, Exchange House, London, GBR, EC2A 2NY

Website

https://www.columbiathreadneedle.co.uk

European Assets Trust PLC is a UK-based closed-end investment company. The company principal objective is to achieve long-term growth of capital through investment in quoted small and medium sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted with dividends paid out of current year revenue profits and the Distributable Reserve. It maintains a diversified portfolio of investments across all sectors including financials, industrials, consumer goods, consumer services, healthcare, technology, and basic materials.

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