Neinor Homes (XMAD:HOME) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Neinor Homes 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. Neinor Homes's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Neinor Homes's long-term debt to total assets ratio increased from Jun. 2022 (0.02) to Dec. 2023 (0.10). It may suggest that Neinor Homes is progressively becoming more dependent on debt to grow their business.

Neinor Homes LT-Debt-to-Total-Asset Historical Data

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

Neinor Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.17

0.19

0.10

Neinor Homes Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.04	0.19	0.10	0.10

Neinor Homes LT-Debt-to-Total-Asset Calculation

Neinor Homes'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 )
	=	167.626	/	1645.573
	=	0.10

Neinor Homes'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 )
	=	167.626	/	1645.573
	=

Neinor Homes (XMAD:HOME) 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.

Neinor Homes LT-Debt-to-Total-Asset Related Terms

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Neinor Homes (XMAD:HOME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Neinor Homes SA (XMAD:HOME) » Definitions » LT-Debt-to-Total-Asset

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0RNU:UK 1NN:Germany

Address

Calle Ercilla 24, Bilbao, ESP, 48011

Website

https://www.neinorhomes.com

Neinor Homes SA is a residential property development company in Spain. The company is engaged in developing and selling property developments. Its operating segment includes Rentals, Asset management, Legacy, and Development. The company generates maximum revenue from the Development segment.