Smurfit Kappa Group (Smurfit Kappa Group) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is Smurfit Kappa 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. Smurfit Kappa Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Smurfit Kappa Group's long-term debt to total assets ratio declined from Dec. 2022 (0.29) to Dec. 2023 (0.28). It may suggest that Smurfit Kappa Group is progressively becoming less dependent on debt to grow their business.

Smurfit Kappa Group LT-Debt-to-Total-Asset Historical Data

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

Smurfit Kappa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.30

0.31

0.29

0.28

Smurfit Kappa Group 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															0.31	0.29	0.29	0.29	0.28

Smurfit Kappa Group LT-Debt-to-Total-Asset Calculation

Smurfit Kappa 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 )
	=	3893.13	/	13770.992
	=	0.28

Smurfit Kappa 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 )
	=	3893.13	/	13770.992
	=	0.28

Smurfit Kappa Group (OTCPK:SMFKY) 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.

Smurfit Kappa Group LT-Debt-to-Total-Asset Related Terms

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Smurfit Kappa Group (Smurfit Kappa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Smurfit Kappa Group PLC (OTCPK:SMFKY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMFTF:USA SK3:Ireland SKGl:UK SKG:UK SK3:Germany

Address

Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2

Website

https://www.smurfitkappa.com

Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

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