Enerside Energy (XMAD:ENRS) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Enerside Energy 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. Enerside Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Enerside Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.20) to Dec. 2023 (0.31). It may suggest that Enerside Energy is progressively becoming more dependent on debt to grow their business.

Enerside Energy LT-Debt-to-Total-Asset Historical Data

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

Enerside Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.24

0.11

0.20

0.31

Enerside Energy Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.11	0.03	0.20	0.29	0.31

Enerside Energy LT-Debt-to-Total-Asset Calculation

Enerside Energy'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 )
	=	23.203	/	75.15
	=	0.31

Enerside Energy'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 )
	=	23.203	/	75.15
	=	0.31

Enerside Energy (XMAD:ENRS) 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.

Enerside Energy LT-Debt-to-Total-Asset Related Terms

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Enerside Energy (XMAD:ENRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Enerside Energy SA (XMAD:ENRS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

9O8:Germany

Address

Carrer Tuset 3, 3, Barcelona, ESP, 08006

Website

https://www.enerside.com

Enerside Energy SA is engaged in the development, construction, and maintenance of renewable energy projects. The company has solar photovoltaic generation projects for industrial clients in Europe and Latin America.

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