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Athens International Airport (ATH:AIA) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2023)


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What is Athens International Airport 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. Athens International Airport's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.37.

Athens International Airport's long-term debt to total assets ratio increased from Dec. 2020 (0.34) to Sep. 2023 (0.37). It may suggest that Athens International Airport is progressively becoming more dependent on debt to grow their business.

Athens International Airport LT-Debt-to-Total-Asset Historical Data

The historical data trend for Athens International Airport'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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Athens International Airport LT-Debt-to-Total-Asset Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.31 0.34 0.32 0.37

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.34 0.32 - 0.37 0.37

Athens International Airport LT-Debt-to-Total-Asset Calculation

Athens International Airport's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=889.428/2427.923
=0.37

Athens International Airport'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 )
=903.317/2433.908
=

* 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.

Athens International Airport  (ATH:AIA) 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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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.