ECCB.PFD (Eagle Point Credit Co) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Eagle Point Credit Co 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. Eagle Point Credit Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Eagle Point Credit Co's long-term debt to total assets ratio declined from Jun. 2023 (0.20) to Jun. 2024 (0.13). It may suggest that Eagle Point Credit Co is progressively becoming less dependent on debt to grow their business.

Eagle Point Credit Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eagle Point Credit Co'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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Eagle Point Credit Co LT-Debt-to-Total-Asset Chart

Eagle Point Credit Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.18

0.20

0.17

Eagle Point Credit Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.23	0.20	0.20	0.17	0.13

Eagle Point Credit Co LT-Debt-to-Total-Asset Calculation

Eagle Point Credit Co'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 )
	=	157.714	/	954.494
	=	0.17

Eagle Point Credit Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	159.878	/	1211.117
	=	0.13

Eagle Point Credit Co (NYSE:ECCB.PFD) 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.

Eagle Point Credit Co LT-Debt-to-Total-Asset Related Terms

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