Emirates Telecommunications Group Co PJSC (ADX:EAND) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Emirates Telecommunications Group 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. Emirates Telecommunications Group Co PJSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Emirates Telecommunications Group Co PJSC's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.29). It may suggest that Emirates Telecommunications Group Co PJSC is progressively becoming more dependent on debt to grow their business.

Emirates Telecommunications Group Co PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Emirates Telecommunications Group 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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Emirates Telecommunications Group Co PJSC LT-Debt-to-Total-Asset Chart

Emirates Telecommunications Group Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.12

0.17

0.19

0.26

Emirates Telecommunications Group Co PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.18	0.28	0.28	0.26	0.29

Emirates Telecommunications Group Co PJSC LT-Debt-to-Total-Asset Calculation

Emirates Telecommunications Group 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 )
	=	38744.236	/	146904.255
	=	0.26

Emirates Telecommunications Group 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 )
	=	42821.597	/	147651.844
	=	0.29

Emirates Telecommunications Group Co PJSC (ADX:EAND) 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.

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Emirates Telecommunications Group Co PJSC (ADX:EAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Telecommunications Group Co PJSC (ADX:EAND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Rashid Bin Saeed Al Maktoum Street, P.O. Box 3838, Etisalat Building, Intersection of Zayed The 1st Street, Abu Dhabi, ARE

Website

https://www.etisalat.ae

Emirates Telecommunications Group Co PJSC is a telecommunications company. Through its subsidiaries, the company provides telecommunication and consulting services, media services, and equipment to over 15 countries in Asia and Africa. Etisalat specializes in fixed-line services, voice communication, wireless communication, and data communication services.

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