Lotus Technology (Lotus Technology) Debt-to-Asset : 0.59 (As of Dec. 2023)

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What is Lotus Technology Debt-to-Asset?

Lotus Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $680.7 Mil. Lotus Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $261.3 Mil. Lotus Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1,584.7 Mil. Lotus Technology's debt to asset for the quarter that ended in Dec. 2023 was 0.59.

Lotus Technology Debt-to-Asset Historical Data

The historical data trend for Lotus Technology's Debt-to-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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Lotus Technology Debt-to-Asset Chart

Lotus Technology Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.17

0.48

0.59

Lotus Technology Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	0.17	-	0.48	0.64	0.59

Competitive Comparison of Lotus Technology's Debt-to-Asset

For the Auto Manufacturers subindustry, Lotus Technology's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lotus Technology's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lotus Technology's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Lotus Technology's Debt-to-Asset falls into.

Lotus Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lotus Technology's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(680.737	+	261.306)	/	1584.678
	=	0.59

Lotus Technology's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(680.737	+	261.306)	/	1584.678
	=	0.59

Lotus Technology (NAS:LOT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lotus Technology Debt-to-Asset Related Terms

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Lotus Technology (Lotus Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

5EP:Germany

Address

No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120

Website

https://www.group-lotus.com

Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

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