Bureau Veritas (XPAR:BVI) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Bureau Veritas 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. Bureau Veritas's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Bureau Veritas's long-term debt to total assets ratio increased from Dec. 2022 (0.34) to Dec. 2023 (0.36). It may suggest that Bureau Veritas is progressively becoming more dependent on debt to grow their business.

Bureau Veritas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bureau Veritas'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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Bureau Veritas LT-Debt-to-Total-Asset Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.41

0.40

0.34

0.36

Bureau Veritas 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															0.40	0.38	0.34	0.34	0.36

Bureau Veritas LT-Debt-to-Total-Asset Calculation

Bureau Veritas'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 )
	=	2399.4	/	6644.4
	=	0.36

Bureau Veritas'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 )
	=	2399.4	/	6644.4
	=	0.36

Bureau Veritas (XPAR:BVI) 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.

Bureau Veritas LT-Debt-to-Total-Asset Related Terms

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Bureau Veritas (XPAR:BVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (XPAR:BVI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK 0MH1:UK 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

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