Zardoya Otis (XMAD:ZOT) LT-Debt-to-Total-Asset : 0.02 (As of Nov. 2021)

View and export this data going back to 2015. Start your Free Trial

What is Zardoya Otis 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. Zardoya Otis's long-term debt to total assests ratio for the quarter that ended in Nov. 2021 was 0.02.

Zardoya Otis's long-term debt to total assets ratio declined from Nov. 2020 (0.02) to Nov. 2021 (0.02). It may suggest that Zardoya Otis is progressively becoming less dependent on debt to grow their business.

Zardoya Otis LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zardoya Otis'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.

* Premium members only.

Zardoya Otis LT-Debt-to-Total-Asset Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.02	-	0.02

Zardoya Otis LT-Debt-to-Total-Asset Calculation

Zardoya Otis's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (A: Nov. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2021 )	/	Total Assets (A: Nov. 2021 )
	=	13.432	/	726.559
	=	0.02

Zardoya Otis's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2021 is calculated as

LT Debt to Total Assets (Q: Nov. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2021 )	/	Total Assets (Q: Nov. 2021 )
	=	13.432	/	726.559
	=	0.02

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Zardoya Otis's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Zardoya Otis (XMAD:ZOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

Zardoya Otis (XMAD:ZOT) Headlines

No Headlines