Abu Dhabi Ports Co PJSC (ADX:ADPORTS) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Abu Dhabi Ports Co PJSC 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. Abu Dhabi Ports Co PJSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Abu Dhabi Ports Co PJSC's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.28). It may suggest that Abu Dhabi Ports Co PJSC is progressively becoming more dependent on debt to grow their business.

Abu Dhabi Ports Co PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abu Dhabi Ports Co PJSC'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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Abu Dhabi Ports Co PJSC LT-Debt-to-Total-Asset Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.03

0.15

0.12

0.28

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.12	0.19	0.21	0.28	0.28

Abu Dhabi Ports Co PJSC LT-Debt-to-Total-Asset Calculation

Abu Dhabi Ports Co PJSC'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 )
	=	15621.834	/	55610.989
	=	0.28

Abu Dhabi Ports Co PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	16469.608	/	58253.501
	=	0.28

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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.

Abu Dhabi Ports Co PJSC LT-Debt-to-Total-Asset Related Terms

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Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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