Eternit (BSP:ETER3) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Eternit 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. Eternit's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Eternit's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.06). It may suggest that Eternit is progressively becoming less dependent on debt to grow their business.

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

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

Eternit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.10

0.03

0.06

Eternit 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															0.06	0.06	0.06	0.06	0.06

Eternit LT-Debt-to-Total-Asset Calculation

Eternit'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 )
	=	72.178	/	1300.366
	=	0.06

Eternit'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 )
	=	72.178	/	1300.366
	=	0.06

Eternit (BSP:ETER3) 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.

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

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Eternit (BSP:ETER3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Eternit SA (BSP:ETER3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street Dr. Fernandes Coelho, 85 - 8º floor, Sao Paulo, SP, BRA, 5423040

Website

http://www.eternit.com.br

Eternit SA is a Brazil-based company. It is engaged in the production and sale of fiber cement, cement, concrete, plaster, and plastic products, as well as other construction materials and related accessories through its subsidiaries. The operating segments of the company include Fiber Cement, Chrysotile Mineral, and Concrete Roof Tiles.

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