La Francaise Des Jeux (XPAR:FDJ) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is La Francaise Des Jeux 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. La Francaise Des Jeux's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

La Francaise Des Jeux's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.10). It may suggest that La Francaise Des Jeux is progressively becoming less dependent on debt to grow their business.

La Francaise Des Jeux LT-Debt-to-Total-Asset Historical Data

The historical data trend for La Francaise Des Jeux'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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La Francaise Des Jeux LT-Debt-to-Total-Asset Chart

La Francaise Des Jeux Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.18

0.15

0.13

0.10

La Francaise Des Jeux Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.15	0.16	0.13	0.14	0.10

La Francaise Des Jeux LT-Debt-to-Total-Asset Calculation

La Francaise Des Jeux'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 )
	=	386	/	3760.8
	=	0.10

La Francaise Des Jeux'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 )
	=	386	/	3760.8
	=	0.10

La Francaise Des Jeux (XPAR:FDJ) 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.

La Francaise Des Jeux LT-Debt-to-Total-Asset Related Terms

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La Francaise Des Jeux (XPAR:FDJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » La Francaise Des Jeux SA (XPAR:FDJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LFDJF:USA FDJp:UK 0A8B:UK 1WE:Germany

Address

3-7 Quai du Point du Jour, Boulogne-Billancourt, Paris, FRA, 92100

Website

https://www.groupefdj.com

La Francaise Des Jeux SA is engaged in lottery games and sports betting. Its lottery games include draw games and instant games. The company offers approximately more than 80 lottery games.

La Francaise Des Jeux (XPAR:FDJ) Headlines

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