L agence Automobiliere (XPAR:MLAA) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2020)

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What is L agence Automobiliere 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. L agence Automobiliere's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.40.

L agence Automobiliere's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2020 (0.40). It may suggest that L agence Automobiliere is progressively becoming more dependent on debt to grow their business.

L agence Automobiliere LT-Debt-to-Total-Asset Historical Data

The historical data trend for L agence Automobiliere'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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L agence Automobiliere LT-Debt-to-Total-Asset Chart

L agence Automobiliere Annual Data

Trend

Dec19

Dec20

LT-Debt-to-Total-Asset

0.10

0.40

L agence Automobiliere Semi-Annual Data
	Dec19	Dec20
LT-Debt-to-Total-Asset	0.10	0.40

L agence Automobiliere LT-Debt-to-Total-Asset Calculation

L agence Automobiliere's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0.29	/	0.724
	=	0.40

L agence Automobiliere's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	0.29	/	0.724
	=	0.40

L agence Automobiliere (XPAR:MLAA) 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.

L agence Automobiliere LT-Debt-to-Total-Asset Related Terms

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L agence Automobiliere (XPAR:MLAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » L agence Automobiliere SA (XPAR:MLAA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zone Actipolis 1 24A Route Départementale 201, Sausheim, FRA, FR-68390

Website

https://www.agenceauto.com

L agence Automobiliere SA is specialized in the purchase and sale of used vehicles. The company also offers services in financing, insurance, assistance and other. It has over 90 branches located in Europe.

L agence Automobiliere (XPAR:MLAA) Headlines

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