123Fahrschule SE (XTER:123F) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is 123Fahrschule SE 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. 123Fahrschule SE's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

123Fahrschule SE's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.09). It may suggest that 123Fahrschule SE is progressively becoming more dependent on debt to grow their business.

123Fahrschule SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for 123Fahrschule SE'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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123Fahrschule SE LT-Debt-to-Total-Asset Chart

123Fahrschule SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.09

123Fahrschule SE Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	0.09

123Fahrschule SE LT-Debt-to-Total-Asset Calculation

123Fahrschule SE'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 )
	=	2.324	/	26.299
	=	0.09

123Fahrschule SE'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 )
	=	2.324	/	26.299
	=	0.09

123Fahrschule SE (XTER:123F) 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.

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123Fahrschule SE (XTER:123F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 123Fahrschule SE (XTER:123F) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

123F:Germany

Address

Klopstockstr. 1, Cologne, DEU, 50968

Website

https://www.123fahrschule.de

123Fahrschule SE is a digital driving school chain. It is specialized in the consolidation and digital expansion of the classic driving license training of the German driving school market. The company offers its learner drivers a digital, effective and intelligent application software for administration, e-learning and individual learning status control for driver's license training for all driver's license classes.

Executives

Herr Boris Polenske

Board of Directors

123Fahrschule SE (XTER:123F) Headlines

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