Qua Granite (IST:QUAGR) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Qua Granite 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. Qua Granite's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Qua Granite's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that Qua Granite is progressively becoming less dependent on debt to grow their business.

Qua Granite LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qua Granite'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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Qua Granite LT-Debt-to-Total-Asset Chart

Qua Granite Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.09

0.17

0.04

0.02

Qua Granite Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.04	0.04	0.04	0.03	0.02

Qua Granite LT-Debt-to-Total-Asset Calculation

Qua Granite'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 )
	=	322.968	/	14486.978
	=	0.02

Qua Granite'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 )
	=	322.968	/	14486.978
	=	0.02

Qua Granite (IST:QUAGR) 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.

Qua Granite LT-Debt-to-Total-Asset Related Terms

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Qua Granite (IST:QUAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qua Granite (IST:QUAGR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soke Organize Sanayi Bölgesi Mah, 4. Sokak No. 1 Söke, Aydin, TUR

Website

https://www.qua.com.tr

Qua Granite is involved in the activity of production and sale of ceramics tiles, floor tiles, granite and other faience materials.

Qua Granite (IST:QUAGR) Headlines

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