PIERER Mobility AG (FRA:PKTM) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is PIERER Mobility AG 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. PIERER Mobility AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

PIERER Mobility AG's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.33). It may suggest that PIERER Mobility AG is progressively becoming more dependent on debt to grow their business.

PIERER Mobility AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for PIERER Mobility AG'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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PIERER Mobility AG LT-Debt-to-Total-Asset Chart

PIERER Mobility AG Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.27

0.25

0.18

0.33

PIERER Mobility AG Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	-	0.18	-	0.33

PIERER Mobility AG LT-Debt-to-Total-Asset Calculation

PIERER Mobility AG'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 )
	=	962.849	/	2952.915
	=	0.33

PIERER Mobility AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	962.849	/	2952.915
	=	0.33

PIERER Mobility AG (FRA:PKTM) 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.

PIERER Mobility AG LT-Debt-to-Total-Asset Related Terms

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PIERER Mobility AG (FRA:PKTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PIERER Mobility AG (FRA:PKTM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PKTMz:UK PKTM:Switzerland PKTM:Austria

Address

Edisonstrasse 1, Wels, AUT, 4600

Website

https://www.pierermobility.com

PIERER Mobility AG is a global automotive niche player that includes worldwide renowned brands KTM, Husqvarna Motorcycles, and WP. Its KTM Industries group is divided into core areas like high-performance components, PTW Vehicles, and PTW vehicles concept development. It operates in three segments: Motorcycles, which generate the majority of the revenue; E-bicycles; and Others. The company's geographical segments include Europe, North America & Mexico, and Others.

PIERER Mobility AG (FRA:PKTM) Headlines

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