Andersen & Martini Holding A/S (CHIX:AMBC) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2020)

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What is Andersen & Martini Holding A/S 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. Andersen & Martini Holding A/S's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.28.

Andersen & Martini Holding A/S's long-term debt to total assets ratio declined from Jun. 2019 (0.29) to Jun. 2020 (0.28). It may suggest that Andersen & Martini Holding A/S is progressively becoming less dependent on debt to grow their business.

Andersen & Martini Holding A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Andersen & Martini Holding A/S'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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Andersen & Martini Holding A/S LT-Debt-to-Total-Asset Chart

Andersen & Martini Holding A/S Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.27

0.18

0.27

0.28

Andersen & Martini Holding A/S Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.27	0.29	0.28	0.28

Andersen & Martini Holding A/S LT-Debt-to-Total-Asset Calculation

Andersen & Martini Holding A/S's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	95.981	/	338.686
	=	0.28

Andersen & Martini Holding A/S's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	94.9	/	336.439
	=	0.28

Andersen & Martini Holding A/S (CHIX:AMBc) 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.

Andersen & Martini Holding A/S LT-Debt-to-Total-Asset Related Terms

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Andersen & Martini Holding A/S (CHIX:AMBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Andersen & Martini Holding A/S (CHIX:AMBc) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

AGENAVEJ 15, Greve, DNK, 2670

Website

http://www.a-m.dk

Andersen & Martini A/S is engaged in the operation of car dealerships. The company is active within the trade leasing and rental of new and used car for private use and business purposes. Its product includes, opel, Saab, Kia, Fiat, Cadillac, among others. It also provides car repair, leasing services.