thyssenkrupp AG (XTER:TKA) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is thyssenkrupp AG 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. thyssenkrupp AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

thyssenkrupp AG's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.02). It may suggest that thyssenkrupp AG is progressively becoming less dependent on debt to grow their business.

thyssenkrupp AG LT-Debt-to-Total-Asset Historical Data

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

thyssenkrupp AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.18

0.15

0.10

0.07

0.04

thyssenkrupp AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.02

thyssenkrupp AG LT-Debt-to-Total-Asset Calculation

thyssenkrupp AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1313	/	33291
	=	0.04

thyssenkrupp AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	671	/	30839
	=	0.02

thyssenkrupp AG (XTER:TKA) 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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thyssenkrupp AG (XTER:TKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » thyssenkrupp AG (XTER:TKA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TYEKF:USA TKAMY:USA TKA:Italy THYSSENKRUPP:Hungary TKAd:UK 0O1C:UK TKR:Austria

Address

ThyssenKrupp Allee 1, Essen, NW, DEU, 45143

Website

https://www.thyssenkrupp.com

thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Bearings, Forged Technologies, Automotive Technology, Steel Europe, Marine Systems, Multi Tracks. The group also provides cross-cutting services to businesses and Corporate Headquarters.

Executives

Dr. Klaus Keysberg	Board of Directors
Oliver Burkhard	Board of Directors
Martina Merz	Board of Directors

thyssenkrupp AG (XTER:TKA) Headlines

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