SKAN Group AG (LTS:0SKN) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is SKAN Group 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. SKAN Group AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

SKAN Group AG's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that SKAN Group AG is progressively becoming less dependent on debt to grow their business.

SKAN Group AG LT-Debt-to-Total-Asset Historical Data

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

SKAN Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.02

SKAN Group AG Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.04	-	0.04	-	0.02

SKAN Group AG LT-Debt-to-Total-Asset Calculation

SKAN Group 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 )
	=	5.619	/	373.449
	=	0.02

SKAN Group 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 )
	=	5.619	/	373.449
	=	0.02

SKAN Group AG (LTS:0SKN) 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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SKAN Group AG (LTS:0SKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SKAN Group AG (LTS:0SKN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SKANz:UK SKAN:Switzerland

Address

Kreuzstrasse 5, Allschwil, CHE, 4123

Website

https://www.skan.com

SKAN Group AG is a global market and technological company for isolators, cleanroom devices, and decontamination processes for the aseptic production of biopharmaceutical substances. Its core competency is the design and development of process isolators for the aseptic filling of biopharmaceutical products. The company offer its customers process support, services, and consumables. Its products include biological indicators, isolators, Laboratory/cleanroom equipment, laminar flow, safety workbench, and transfer system.

SKAN Group AG (LTS:0SKN) Headlines

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