Hamama Meir Trading (1996) (XTAE:HMAM) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Hamama Meir Trading (1996) 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. Hamama Meir Trading (1996)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Hamama Meir Trading (1996)'s long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.04). It may suggest that Hamama Meir Trading (1996) is progressively becoming less dependent on debt to grow their business.

Hamama Meir Trading (1996) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hamama Meir Trading (1996)'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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Hamama Meir Trading (1996) LT-Debt-to-Total-Asset Chart

Hamama Meir Trading (1996) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.06

0.04

Hamama Meir Trading (1996) Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.05	0.05	0.06	0.05	0.04

Hamama Meir Trading (1996) LT-Debt-to-Total-Asset Calculation

Hamama Meir Trading (1996)'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 )
	=	7.135	/	176.057
	=	0.04

Hamama Meir Trading (1996)'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 )
	=	7.135	/	176.057
	=	0.04

Hamama Meir Trading (1996) (XTAE:HMAM) 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.

Hamama Meir Trading (1996) LT-Debt-to-Total-Asset Related Terms

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Hamama Meir Trading (1996) (XTAE:HMAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hamama Meir Trading (1996) Ltd (XTAE:HMAM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Sheshet Hayamim Street, Champion Tower, Bnei Brak, ISR, 5120261

Website

http://www.hamama.biz

Hamama Meir Trading (1996) Ltd imports, exports, markets and distributes food products. Its products include Rice, Coffee, Sesame, Pulses, Spices & Herbs, and Dried Fruit. Its services include sorting, packaging, storage, and export, among others. Its client base include food conglomerates, wholesalers and distributors, small and medium-sized natural food stores, and health food shops.

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