CEVMY (CTS Eventim AG. KGaA) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is CTS Eventim AG. KGaA 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. CTS Eventim AG. KGaA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

CTS Eventim AG. KGaA's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that CTS Eventim AG. KGaA is progressively becoming less dependent on debt to grow their business.

CTS Eventim AG. KGaA LT-Debt-to-Total-Asset Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA LT-Debt-to-Total-Asset Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.05

0.04

0.03

CTS Eventim AG. KGaA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.03	0.03	0.03

CTS Eventim AG. KGaA LT-Debt-to-Total-Asset Calculation

CTS Eventim AG. KGaA'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 )
	=	110.935	/	3484.557
	=	0.03

CTS Eventim AG. KGaA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	109.11	/	3698.857
	=	0.03

CTS Eventim AG. KGaA (OTCPK:CEVMY) 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.

CTS Eventim AG. KGaA LT-Debt-to-Total-Asset Related Terms

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CTS Eventim AG. KGaA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (OTCPK:CEVMY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CEVMF:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Germany EVD:Germany EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, and theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

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