Sonova Holding AG (Sonova Holding AG) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Sonova Holding 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. Sonova Holding AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Sonova Holding AG's long-term debt to total assets ratio declined from Sep. 2022 (0.04) to Sep. 2023 (0.04). It may suggest that Sonova Holding AG is progressively becoming less dependent on debt to grow their business.

Sonova Holding AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sonova Holding 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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Sonova Holding AG LT-Debt-to-Total-Asset Chart

Sonova Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.08

0.17

0.24

0.19

0.31

Sonova Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.19	0.04	0.31	0.04

Sonova Holding AG LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1875.959	/	5999.46
	=	0.31

Sonova Holding AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	222.543	/	5988.662
	=	0.04

Sonova Holding AG (OTCPK:SONVF) 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.

Sonova Holding AG LT-Debt-to-Total-Asset Related Terms

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Sonova Holding AG (Sonova Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonova Holding AG (OTCPK:SONVF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SONVY:USA SOONz:UK 0QPY:UK PHBA:Germany SOON:Switzerland

Address

Laubisrutistrasse 28, Stafa, CHE, CH-8712

Website

https://www.sonova.com

Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.