AgrometalI (BUE:AGRO) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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

AgrometalI's long-term debt to total assets ratio increased from Jun. 2022 (0.01) to Jun. 2023 (0.06). It may suggest that AgrometalI is progressively becoming more dependent on debt to grow their business.

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

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

AgrometalI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.03

0.01

0.03

0.04

AgrometalI Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.04	0.06	0.04

AgrometalI LT-Debt-to-Total-Asset Calculation

AgrometalI'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 )
	=	853.383	/	21193.701
	=	0.04

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	763.134	/	12948.937
	=	0.06

AgrometalI (BUE:AGRO) 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.

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

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AgrometalI (BUE:AGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Agrometal SAI (BUE:AGRO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Misiones 1974, Monte Maiz, Cordoba, ARG, COR X2659BIN

Website

http://www.agrometal.com

Agrometal SAI is engaged in the manufacturing and distribution of agricultural machinery for precision sowing. It offers ADX Air Drill fine and coarse grain seeders; APX seed drills; TX MEGA and MINI MEGA coarse grain sowing machines; MXY II and MSX grain, coarse, and pastures seed harvesters; TX PIVOT II precision transportable precision grain seed drills; and MXW and XZ fine grain and pasture seeders, as well as hydraulic actuators.