Cenit AG (FRA:CSH) Debt-to-Asset : 0.32 (As of Dec. 2023)

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What is Cenit AG Debt-to-Asset?

Cenit AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.7 Mil. Cenit AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €44.9 Mil. Cenit AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €153.6 Mil. Cenit AG's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

Cenit AG Debt-to-Asset Historical Data

The historical data trend for Cenit AG's Debt-to-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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Cenit AG Debt-to-Asset Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.14

0.11

0.26

0.32

Cenit AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.26	0.23	0.23	0.33	0.32

Competitive Comparison of Cenit AG's Debt-to-Asset

For the Software - Application subindustry, Cenit AG's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cenit AG's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Cenit AG's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Cenit AG's Debt-to-Asset falls into.

Cenit AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cenit AG's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.657	+	44.861)	/	153.615
	=	0.32

Cenit AG's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.657	+	44.861)	/	153.615
	=	0.32

Cenit AG (FRA:CSH) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Cenit AG Debt-to-Asset Related Terms

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Cenit AG (FRA:CSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cenit AG (FRA:CSH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

Executives

Peter Schneck

Board of Directors