Farminveste SGPS (XLIS:MLFMV) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is Farminveste SGPS 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. Farminveste SGPS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Farminveste SGPS's long-term debt to total assets ratio declined from Dec. 2022 (0.24) to Dec. 2023 (0.23). It may suggest that Farminveste SGPS is progressively becoming less dependent on debt to grow their business.

Farminveste SGPS LT-Debt-to-Total-Asset Historical Data

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

Farminveste SGPS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.21

0.25

0.24

0.23

Farminveste SGPS Semi-Annual Data
	Dec15	Dec16	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	0.22	0.24	0.22	0.23

Farminveste SGPS LT-Debt-to-Total-Asset Calculation

Farminveste SGPS'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 )
	=	143.079	/	625.064
	=	0.23

Farminveste SGPS'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 )
	=	143.079	/	625.064
	=	0.23

Farminveste SGPS (XLIS:MLFMV) 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.

Farminveste SGPS LT-Debt-to-Total-Asset Related Terms

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Farminveste SGPS (XLIS:MLFMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Farminveste SGPS SA (XLIS:MLFMV) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8, Travessa de Santa Catarina, Lisbon, PRT, 1200-403

Website

http://www.farminveste-sgps.com

Farminveste SGPS SA is a holding company and its subsidiaries are active in the business of pharmacies, pharmaceutical distribution, information systems, health care, real estate, market intelligence and other services.

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