GL Events (CHIX:GLOP) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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What is GL Events 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. GL Events's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

GL Events's long-term debt to total assets ratio declined from Dec. 2022 (0.45) to Dec. 2023 (0.43). It may suggest that GL Events is progressively becoming less dependent on debt to grow their business.

GL Events LT-Debt-to-Total-Asset Historical Data

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

GL Events Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.55

0.54

0.45

0.43

GL Events Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.49	0.45	0.46	0.43

GL Events LT-Debt-to-Total-Asset Calculation

GL Events'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 )
	=	1307.014	/	3044.057
	=	0.43

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1307.014	/	3044.057
	=	0.43

GL Events (CHIX:GLOp) 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.

GL Events LT-Debt-to-Total-Asset Related Terms

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GL Events (CHIX:GLOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GL Events (CHIX:GLOp) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0IX0:UK GLO:France 0X5:Germany

Address

59 Quai Rambaud, Lyon, FRA, 69002

Website

http://www.gl-events.com

GL Events is a France-based company engaged in providing integrated solutions and services for events operating across various market segments like conventions, conferences, congresses, cultural, sports and political events, trade shows, and consumer fairs. It has three business divisions namely GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events from consulting and design to producing the event. GL events Exhibitions manages and coordinates the group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors like food industry, culture, textiles, manufacturing. GL events Venues manages a network of 40 venues in France and international destinations.