OPmobility (OPmobility) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is OPmobility 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. OPmobility's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

OPmobility's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.13). It may suggest that OPmobility is progressively becoming less dependent on debt to grow their business.

OPmobility LT-Debt-to-Total-Asset Historical Data

The historical data trend for OPmobility'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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OPmobility LT-Debt-to-Total-Asset Chart

OPmobility Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.21

0.20

0.13

OPmobility Semi-Annual Data
	Jun14	Dec14	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															0.21	0.21	0.20	0.19	0.13

OPmobility LT-Debt-to-Total-Asset Calculation

OPmobility'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 )
	=	1063.112	/	8232.311
	=	0.13

OPmobility'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 )
	=	1063.112	/	8232.311
	=	0.13

OPmobility (OTCPK:PASTF) 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.

OPmobility LT-Debt-to-Total-Asset Related Terms

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OPmobility (OPmobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OPmobility (OTCPK:PASTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0NW1:UK POM:France EZM:Germany

Address

1, Allee Pierre-Burelle, Levallois-Perret, Paris, FRA, 92300

Website

https://www.plasticomnium.com

Plastic Omnium is a producer and supplier of automotive body parts and fuel systems. The company operates two business segments: Plastic Omnium Industries and Plastic Omnium Modules. The Industries division manufactures and sells automotive body parts, such as bumpers and tailgates, and fuel systems, including clean energy systems, exclusively to carmakers. The Modules division includes front-end modules assembly and logistics. The company owns a controlling stake in HBPO, which develops and distributes complex automotive technological elements. The company operates in Europe, North America, Asia, South America, and Africa, with carmakers as its main clients. Plastic Omnium generates the majority of its revenue in Europe and North America.

OPmobility (OPmobility) Headlines

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