Hod-Assaf Industries (XTAE:HOD) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Hod-Assaf Industries 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. Hod-Assaf Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Hod-Assaf Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Hod-Assaf Industries is progressively becoming less dependent on debt to grow their business.

Hod-Assaf Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hod-Assaf Industries'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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Hod-Assaf Industries LT-Debt-to-Total-Asset Chart

Hod-Assaf Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

Hod-Assaf Industries Quarterly Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Hod-Assaf Industries LT-Debt-to-Total-Asset Calculation

Hod-Assaf Industries'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 )
	=	9.498	/	1195.15
	=	0.01

Hod-Assaf Industries'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 )
	=	9.498	/	1195.15
	=	0.01

Hod-Assaf Industries (XTAE:HOD) 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.

Hod-Assaf Industries LT-Debt-to-Total-Asset Related Terms

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Hod-Assaf Industries (XTAE:HOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hod-Assaf Industries Ltd (XTAE:HOD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 493, Akko, ISR, 24100

Website

http://www.hodmetal.co.il

Hod-Assaf Industries Ltd produces, processes and sells concrete reinforcement steel products. The company produces steel, steel wire, welded nuts, fencing products. Its products are used for the construction, infrastructure, defense and agriculture industries. It operates steel production and processing plants in Acre and Kiryat Gat.

Hod-Assaf Industries (XTAE:HOD) Headlines

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