Eaton (BSP:E1TN34) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is Eaton 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. Eaton's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Eaton's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.23). It may suggest that Eaton is progressively becoming less dependent on debt to grow their business.

Eaton LT-Debt-to-Total-Asset Historical Data

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

Eaton Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.23

0.21

0.25

0.23

Eaton Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.25	0.23	0.23

Eaton LT-Debt-to-Total-Asset Calculation

Eaton's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	43005.545	/	188309.114
	=	0.23

Eaton's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	43005.545	/	188309.114
	=	0.23

Eaton (BSP:E1TN34) 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.

Eaton LT-Debt-to-Total-Asset Related Terms

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Eaton (BSP:E1TN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eaton Corp PLC (BSP:E1TN34) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ETN:USA ETN1:Mexico 3EC:Germany

Address

30 Pembroke Road, Eaton House, Dublin, IRL, D04 Y0C2

Website

https://www.eaton.com

Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.

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