Aston Martin Lagonda Global Holdings (CHIX:AMLL) LT-Debt-to-Total-Asset : 0.41 (As of Jun. 2024)

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What is Aston Martin Lagonda Global Holdings 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. Aston Martin Lagonda Global Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.41.

Aston Martin Lagonda Global Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Jun. 2024 (0.41). It may suggest that Aston Martin Lagonda Global Holdings is progressively becoming more dependent on debt to grow their business.

Aston Martin Lagonda Global Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aston Martin Lagonda Global Holdings'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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Aston Martin Lagonda Global Holdings LT-Debt-to-Total-Asset Chart

Aston Martin Lagonda Global Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.38

0.41

0.39

0.34

Aston Martin Lagonda Global Holdings Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.39	0.34	-	0.41

Aston Martin Lagonda Global Holdings LT-Debt-to-Total-Asset Calculation

Aston Martin Lagonda Global Holdings'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 )
	=	1068.8	/	3173
	=	0.34

Aston Martin Lagonda Global Holdings'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 )
	=	1231.3	/	3041.9
	=	0.40

Aston Martin Lagonda Global Holdings (CHIX:AMLl) 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.

Aston Martin Lagonda Global Holdings LT-Debt-to-Total-Asset Related Terms

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Aston Martin Lagonda Global Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aston Martin Lagonda Global Holdings PLC (CHIX:AMLl) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARGGY:USA AMGDF:USA AML:UK A5SA:Germany

Address

Banbury Road, Gaydon, Warwick, GBR, CV35 0DB

Website

https://www.astonmartinlagonda.com

Aston Martin Lagonda Global Holdings PLC is a luxury automotive manufacturer. It designs, engineers, and produces sports cars in Warwickshire, United Kingdom, and sells those models through a network of dealers. It is also involved in the servicing of sports cars, all the activities are carried out under the brand name of Aston Martin. The Group has only one operating segment, the automotive segment. The automotive segment includes all activities relating to design, development, manufacture and marketing of vehicles including consulting services; as well as the sale of parts, servicing, and automotive brand activities. Geographically, it has a presence in the United Kingdom, The Americas, the Rest of Europe, the Middle East and Africa, and the Asia Pacific region.

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