Manitou BF (Manitou BF) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Manitou BF 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. Manitou BF's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Manitou BF's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.08). It may suggest that Manitou BF is progressively becoming less dependent on debt to grow their business.

Manitou BF LT-Debt-to-Total-Asset Historical Data

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

Manitou BF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.10

0.09

0.08

Manitou BF 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															0.10	0.01	0.09	0.01	0.08

Manitou BF LT-Debt-to-Total-Asset Calculation

Manitou BF'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 )
	=	180.462	/	2361.269
	=	0.08

Manitou BF'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 )
	=	180.462	/	2361.269
	=	0.08

Manitou BF (OTCPK:MAOIF) 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.

Manitou BF LT-Debt-to-Total-Asset Related Terms

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Manitou BF (Manitou BF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitou BF SA (OTCPK:MAOIF) » Definitions » LT-Debt-to-Total-Asset

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0NDA:UK MTU:France

Address

430, rue de l'Aubiniere, Ancenis, FRA, 44158

Website

http://www.manitou-group.com

Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. Manitou's product mix is comprised of fixed, rotating and heavyweight all-terrain telescopic forklift-trucks, semi-industrial and industrial all-terrain masted forklift-trucks, compact loaders, aerial work platforms for personnel and warehousing equipment. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. Most of its revenue is derived from sales in countries of Northern Europe.

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