Societe Francaise de Casinos (XPAR:SFCA) LT-Debt-to-Total-Asset : 0.13 (As of Oct. 2023)

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What is Societe Francaise de Casinos 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. Societe Francaise de Casinos's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.13.

Societe Francaise de Casinos's long-term debt to total assets ratio declined from Oct. 2022 (0.15) to Oct. 2023 (0.13). It may suggest that Societe Francaise de Casinos is progressively becoming less dependent on debt to grow their business.

Societe Francaise de Casinos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Societe Francaise de Casinos'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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Societe Francaise de Casinos LT-Debt-to-Total-Asset Chart

Societe Francaise de Casinos Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.21

0.19

0.15

0.13

Societe Francaise de Casinos Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.15	0.14	0.13

Societe Francaise de Casinos LT-Debt-to-Total-Asset Calculation

Societe Francaise de Casinos's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	2.7	/	20.929
	=	0.13

Societe Francaise de Casinos's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	2.7	/	20.929
	=	0.13

Societe Francaise de Casinos (XPAR:SFCA) 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.

Societe Francaise de Casinos LT-Debt-to-Total-Asset Related Terms

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Societe Francaise de Casinos (XPAR:SFCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Societe Francaise de Casinos SA (XPAR:SFCA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 rue d'Antin, Paris, FRA, 75002

Website

http://www.casinos-sfc.com

Societe Francaise de Casinos SA is a France-based company. It is engaged in the operation of casinos, virtual gaming centers, thermal SPA's, hotels and restaurants.

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