WashTec AG (LTS:0GJK) Debt-to-Asset : 0.22 (As of Dec. 2023)

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What is WashTec AG Debt-to-Asset?

WashTec AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €41.8 Mil. WashTec AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €16.8 Mil. WashTec AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €271.3 Mil. WashTec AG's debt to asset for the quarter that ended in Dec. 2023 was 0.22.

WashTec AG Debt-to-Asset Historical Data

The historical data trend for WashTec 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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WashTec AG Debt-to-Asset Chart

WashTec AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.16

0.13

0.21

0.22

WashTec 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															0.21	0.21	0.30	0.25	0.22

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

For the Specialty Industrial Machinery subindustry, WashTec 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.

WashTec AG's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, WashTec AG's Debt-to-Asset distribution charts can be found below:

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

WashTec AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

WashTec 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
	=	(41.779	+	16.78)	/	271.306
	=	0.22

WashTec 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
	=	(41.779	+	16.78)	/	271.306
	=	0.22

WashTec AG (LTS:0GJK) 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.

WashTec AG Debt-to-Asset Related Terms

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WashTec AG (LTS:0GJK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WashTec AG (LTS:0GJK) » Definitions » Debt-to-Asset

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WSU:Germany

Address

Argonstrasse 7, Augsburg, DEU, 86153

Website

https://www.washtec.de

WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts.

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