Ashtrom Group (XTAE:ASHG) LT-Debt-to-Total-Asset : 0.53 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Ashtrom Group 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. Ashtrom Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.53.

Ashtrom Group's long-term debt to total assets ratio increased from Dec. 2022 (0.45) to Dec. 2023 (0.53). It may suggest that Ashtrom Group is progressively becoming more dependent on debt to grow their business.

Ashtrom Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashtrom Group'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.

* Premium members only.

Ashtrom Group LT-Debt-to-Total-Asset Chart

Ashtrom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.47

0.46

0.45

0.53

Ashtrom Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															0.45	0.46	0.48	0.48	0.53

Ashtrom Group LT-Debt-to-Total-Asset Calculation

Ashtrom Group'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 )
	=	11259.538	/	21376.759
	=	0.53

Ashtrom Group'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 )
	=	11259.538	/	21376.759
	=	0.53

Ashtrom Group (XTAE:ASHG) 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.

Ashtrom Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Ashtrom Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Ashtrom Group (XTAE:ASHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ashtrom Group Ltd (XTAE:ASHG) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

10 Kremnicki Street, Tel Aviv, ISR, 6789910

Website

http://www.ashtrom.co.il

Ashtrom Group Ltd operates as a construction company engaged in construction of residential and commercial properties. The company constructs office buildings, commercial centres, industrial buildings and hotels, among others. It is also engaged in the production, marketing, and sale of materials for the construction industries.