A. Tsokkos Hotels Public (CYS:TSH) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2023)

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What is A. Tsokkos Hotels Public 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. A. Tsokkos Hotels Public's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.37.

A. Tsokkos Hotels Public's long-term debt to total assets ratio declined from Jun. 2022 (0.41) to Jun. 2023 (0.37). It may suggest that A. Tsokkos Hotels Public is progressively becoming less dependent on debt to grow their business.

A. Tsokkos Hotels Public LT-Debt-to-Total-Asset Historical Data

The historical data trend for A. Tsokkos Hotels Public'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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A. Tsokkos Hotels Public LT-Debt-to-Total-Asset Chart

A. Tsokkos Hotels Public Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.34

0.38

0.42

0.37

A. Tsokkos Hotels Public Semi-Annual Data
	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.42	0.41	0.37	0.37

A. Tsokkos Hotels Public LT-Debt-to-Total-Asset Calculation

A. Tsokkos Hotels Public's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	197.614	/	534.194
	=	0.37

A. Tsokkos Hotels Public's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	192.018	/	526.592
	=	0.36

A. Tsokkos Hotels Public (CYS:TSH) 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.

A. Tsokkos Hotels Public LT-Debt-to-Total-Asset Related Terms

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A. Tsokkos Hotels Public (CYS:TSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » A. Tsokkos Hotels Public (CYS:TSH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Nissi Avenue, P.O.Box 30221, Ayia Napa, CYP, 5341

Website

https://www.tsokkos.com

A. Tsokkos Hotels Public operates a chain of hotels and hotel apartments. The firm operates hotels in the Cypriot towns of Protaras, Ayia Napa, Limassol, and Paphos, and in Egypt. It operates a wide range of businesses such as Hotels, Land Developing, Real Estate, Properties, Restaurants, and Leisure.

A. Tsokkos Hotels Public (CYS:TSH) Headlines

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