Lingotes Especiales (XMAD:LGT) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is Lingotes Especiales 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. Lingotes Especiales's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Lingotes Especiales's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.21). It may suggest that Lingotes Especiales is progressively becoming more dependent on debt to grow their business.

Lingotes Especiales LT-Debt-to-Total-Asset Historical Data

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

Lingotes Especiales Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.15

0.18

0.21

Lingotes Especiales 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															0.18	0.19	0.18	0.16	0.21

Lingotes Especiales LT-Debt-to-Total-Asset Calculation

Lingotes Especiales'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 )
	=	21.103	/	98.844
	=	0.21

Lingotes Especiales'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 )
	=	21.103	/	98.844
	=	0.21

Lingotes Especiales (XMAD:LGT) 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.

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Lingotes Especiales (XMAD:LGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lingotes Especiales SA (XMAD:LGT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0F3G:UK

Address

Calle Colmenares 5, 1st Floor, Valladolid, ESP, 47004

Website

http://www.lingotes.com

Lingotes Especiales SA engages in the design, development, casting, machining, and assembly of grey and ductile iron components primarily for the automobile industry. The company is also involved in the machining and assembly of automotive components, primarily brake discs and drums, fly-wheels, or pressure-plates; and provision of finishing services, and coating and other additions to components used in automation industry. It also serves electrical appliances, railways, civil engineering, industrial vehicle, farm machinery, compressor, and other markets.

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