Lucid Group (FRA:CH2A) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Lucid 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. Lucid Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Lucid Group's long-term debt to total assets ratio declined from Mar. 2023 (0.32) to Mar. 2024 (0.26). It may suggest that Lucid Group is progressively becoming less dependent on debt to grow their business.

Lucid Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lucid 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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Lucid Group LT-Debt-to-Total-Asset Chart

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.28

0.29

0.27

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.32	0.25	0.26	0.27	0.26

Lucid Group LT-Debt-to-Total-Asset Calculation

Lucid Group'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 )
	=	2126.28	/	7806.162
	=	0.27

Lucid Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2128.088	/	8185.278
	=	0.26

Lucid Group (FRA:CH2A) 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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Lucid Group (FRA:CH2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (FRA:CH2A) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LCID:USA LCID:Mexico

Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

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