Thales (XPAR:HO) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Thales 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. Thales's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Thales's long-term debt to total assets ratio increased from Dec. 2022 (0.12) to Dec. 2023 (0.15). It may suggest that Thales is progressively becoming more dependent on debt to grow their business.

Thales LT-Debt-to-Total-Asset Historical Data

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

Thales Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.16

0.14

0.12

0.15

Thales 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															0.14	0.12	0.12	0.11	0.15

Thales LT-Debt-to-Total-Asset Calculation

Thales'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 )
	=	5720.3	/	38785.7
	=	0.15

Thales'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 )
	=	5720.3	/	38785.7
	=	0.15

Thales (XPAR:HO) 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.

Thales LT-Debt-to-Total-Asset Related Terms

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Thales (XPAR:HO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Thales (XPAR:HO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

THLLY:USA THLEF:USA HOp:UK 0IW5:UK CSF:Germany

Address

Tour Carpe Diem, Place des Corolles, Esplanade Nord, Courbevoie, FRA, 92400

Website

https://www.thalesgroup.com

Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors with EUR 18 billion in sales. The company has three reportable segments: 1) Defense & security provides sensors, mission systems, communications, and control systems to European and export defense customers; 2) Aerospace sells avionics and satellites to the civil, defense, and governmental markets; and 3) Digital identity and security provides biometric, data & identity security solutions, payments services, and the manufacturing of SIM cards.

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