Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2023)

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What is Zapp Electric Vehicles 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. Zapp Electric Vehicles Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.18.

Zapp Electric Vehicles Group's long-term debt to total assets ratio increased from Sep. 2021 (0.04) to Sep. 2023 (0.18). It may suggest that Zapp Electric Vehicles Group is progressively becoming more dependent on debt to grow their business.

Zapp Electric Vehicles Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zapp Electric Vehicles 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.

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Zapp Electric Vehicles Group LT-Debt-to-Total-Asset Chart

Zapp Electric Vehicles Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.18

0.04

0.07

0.18

Zapp Electric Vehicles Group Semi-Annual Data
	Sep20	Sep21	Sep22	Sep23
LT-Debt-to-Total-Asset	0.18	0.04	0.07	0.18

Zapp Electric Vehicles Group LT-Debt-to-Total-Asset Calculation

Zapp Electric Vehicles Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1.32	/	7.342
	=

Zapp Electric Vehicles Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.32	/	7.342
	=

Zapp Electric Vehicles Group (NAS:ZAPP) 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.

Zapp Electric Vehicles Group LT-Debt-to-Total-Asset Related Terms

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Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zapp Electric Vehicles Group Ltd (NAS:ZAPP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

87/1 Wireless Road, 26/F Capital Tower, All Seasons Place, Lumpini, Patumwan, Bangkok, THA, 10330

Website

https://www.zappev.com

Zapp Electric Vehicles Group Ltd designs, manufactures and sells high performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.

Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Headlines

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