BTEAF (Beneteau) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Beneteau 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. Beneteau's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Beneteau's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Beneteau is progressively becoming more dependent on debt to grow their business.

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

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

Beneteau Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

Beneteau Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Beneteau LT-Debt-to-Total-Asset Calculation

Beneteau's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	29.635	/	1827.892
	=	0.02

Beneteau's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	20.995	/	1941.51
	=	0.01

Beneteau (OTCPK:BTEAF) 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.

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

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Beneteau Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Beneteau SA (OTCPK:BTEAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BENp:UK 0K8N:UK BEN:France 3GD:Germany

Address

16 Boulevard de la Mer, Les Embruns, Saint-Gilles-Croix-de-Vie, FRA, 85803

Website

https://www.beneteau-group.com

Beneteau SA is a boat and housing manufacturer, domiciled in France. The company organises itself into two segments: boats and housing. The boats business, which contributes the majority of revenue, manufactures and markets boats. Beneteau produces both motor and sail boats, and derives revenue from France, Europe, and North America. The housing segment manufactures mobile homes for campsites and tour operators, and timber-frame homes. The housing business derives the vast majority of income domestically.

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