CT Automotive Group (LSE:CTA) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is CT Automotive 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. CT Automotive Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

CT Automotive Group's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.07). It may suggest that CT Automotive Group is progressively becoming less dependent on debt to grow their business.

CT Automotive Group LT-Debt-to-Total-Asset Historical Data

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

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.27

0.05

0.11

0.07

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.05	0.06	0.11	0.10	0.07

CT Automotive Group LT-Debt-to-Total-Asset Calculation

CT Automotive 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 )
	=	4.312	/	66.679
	=	0.06

CT Automotive Group'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 )
	=	4.312	/	66.679
	=	0.06

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group LT-Debt-to-Total-Asset Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.