Euro-Tax pl (WAR:ETX) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Euro-Tax pl 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. Euro-Tax pl's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Euro-Tax pl's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Mar. 2024 (0.02). It may suggest that Euro-Tax pl is progressively becoming more dependent on debt to grow their business.

Euro-Tax pl LT-Debt-to-Total-Asset Historical Data

The historical data trend for Euro-Tax pl'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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Euro-Tax pl LT-Debt-to-Total-Asset Chart

Euro-Tax pl Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

Euro-Tax pl Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.03	0.02

Euro-Tax pl LT-Debt-to-Total-Asset Calculation

Euro-Tax pl'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 )
	=	0.291	/	16.403
	=	0.02

Euro-Tax pl'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 )
	=	0.346	/	14.647
	=	0.02

Euro-Tax pl (WAR:ETX) 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.

Euro-Tax pl LT-Debt-to-Total-Asset Related Terms

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Euro-Tax pl (WAR:ETX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Euro-Tax pl SA (WAR:ETX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ulica Szel?gowska 25/2-3, Poznan, POL, 61-626

Website

http://www.euro-tax-sa.pl

Euro-Tax pl SA is a financial service provider for the polish emigrants. The company offers tax assessment and repayment services through recruitment and employment agencies. It also invests in the development of IT systems and the improvement of customer service processes.

Euro-Tax pl (WAR:ETX) Headlines

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