Elior Group (XPAR:ELIOR) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Elior Group 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. Elior Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Elior Group's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.31). It may suggest that Elior Group is progressively becoming less dependent on debt to grow their business.

Elior Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elior Group'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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Elior Group LT-Debt-to-Total-Asset Chart

Elior Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.16

0.28

0.31

0.37

0.32

Elior Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.37	0.36	0.32	0.31

Elior Group LT-Debt-to-Total-Asset Calculation

Elior Group'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 )
	=	1229	/	3833
	=	0.32

Elior Group'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 )
	=	1160	/	3805
	=	0.30

Elior Group (XPAR:ELIOR) 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.

Elior Group LT-Debt-to-Total-Asset Related Terms

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Elior Group (XPAR:ELIOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Elior Group SA (XPAR:ELIOR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELIORp:UK 0QVP:UK 21E:Germany

Address

9-11 allee de l’Arche, Paris La Defense, FRA, 92032

Website

https://www.eliorgroup.com

Elior Group SA operates in the contracted food and support services industry. It provides catering services to business, education, health, and travel industries. Its business is divided into concession catering and contract catering. It has developed and promoted brands such as Elior, Elior services, Areas, Gemeaz, Serunion, etc. The firm mainly operates in France, Italy, the United States, Spain, and the United Kingdom.

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