E&P Financial Group (ASX:EP1) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is E&P Financial 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. E&P Financial Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

E&P Financial Group's long-term debt to total assets ratio increased from Dec. 2022 (0.12) to Dec. 2023 (0.14). It may suggest that E&P Financial Group is progressively becoming more dependent on debt to grow their business.

E&P Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for E&P Financial 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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E&P Financial Group LT-Debt-to-Total-Asset Chart

E&P Financial Group Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

0.12

0.11

E&P Financial Group Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.08	0.12	0.12	0.11	0.14

E&P Financial Group LT-Debt-to-Total-Asset Calculation

E&P Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	24.374	/	226.736
	=	0.11

E&P Financial Group'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 )
	=	27	/	190.245
	=	0.14

E&P Financial Group (ASX:EP1) 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.

E&P Financial Group LT-Debt-to-Total-Asset Related Terms

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E&P Financial Group (ASX:EP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » E&P Financial Group Ltd (ASX:EP1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 O’Connell Street, Level 32, Sydney, NSW, AUS, 2000

Website

https://www.eap.com.au

E&P Financial Group Ltd provides financial services. Its principal activities include the provision of financial advice, investment advice, stockbroking services, property design, and construction management, self-managed superannuation fund administration, the management of investment companies and managed investment schemes, Responsible Entity services to managed investment schemes and advisory services to corporations on equity and debt capital market transactions. The company's operating business segments are Wealth Advice, E&P, and Funds Management.

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