Astra Energy (STU:5OF) LT-Debt-to-Total-Asset : 0.50 (As of Feb. 2024)

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What is Astra Energy 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. Astra Energy's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.50.

Astra Energy's long-term debt to total assets ratio increased from Feb. 2023 (0.00) to Feb. 2024 (0.50). It may suggest that Astra Energy is progressively becoming more dependent on debt to grow their business.

Astra Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Astra Energy'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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Astra Energy LT-Debt-to-Total-Asset Chart

Astra Energy Annual Data

Trend

Sep05

Aug06

Aug07

Aug08

Aug09

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.07

0.11

0.62

Astra Energy Quarterly Data
	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.19	0.62	0.51	0.50

Astra Energy LT-Debt-to-Total-Asset Calculation

Astra Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	4.302	/	6.939
	=

Astra Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	4.229	/	8.417
	=

Astra Energy (STU:5OF) 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.

Astra Energy LT-Debt-to-Total-Asset Related Terms

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Astra Energy (STU:5OF) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Astra Energy Inc (STU:5OF) » Definitions » LT-Debt-to-Total-Asset

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ASRE:USA

Address

9565 Waples Street, Suite 200, San Diego, CA, USA, 92121

Website

https://www.astraenergyinc.com

Astra Energy Inc is engaged in waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The company invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs, while also cultivating a portfolio of intellectual property and licenses for renewable energy technology and generating projects to deploy that technology. Its projects include Zanzibar Clean and Renewable Energy Park, 350 Megawatt Combined Cycle Power Plant and others.

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