Vantage Towers AG (Vantage Towers AG) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2023)

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What is Vantage Towers 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. Vantage Towers AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.16.

Vantage Towers AG's long-term debt to total assets ratio declined from Mar. 2022 (0.37) to Mar. 2023 (0.16). It may suggest that Vantage Towers AG is progressively becoming less dependent on debt to grow their business.

Vantage Towers AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vantage Towers 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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Vantage Towers AG LT-Debt-to-Total-Asset Chart

Vantage Towers AG Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.39

0.37

0.16

Vantage Towers AG Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.39	0.39	0.37	0.37	0.16

Vantage Towers AG LT-Debt-to-Total-Asset Calculation

Vantage Towers 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 )
	=	1875.268	/	11815.632
	=	0.16

Vantage Towers AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	1875.268	/	11815.632
	=	0.16

Vantage Towers AG (OTCPK:VTAGY) 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.

Vantage Towers AG LT-Debt-to-Total-Asset Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vantage Towers AG (OTCPK:VTAGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VTWR:Germany

Address

Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549

Website

https://www.vantagetowers.com

Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

Vantage Towers AG (Vantage Towers AG) Headlines

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