SAF Holland SE (CHIX:SFQD) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2023)

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What is SAF Holland SE 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. SAF Holland SE's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.41.

SAF Holland SE's long-term debt to total assets ratio declined from Dec. 2022 (0.43) to Dec. 2023 (0.41). It may suggest that SAF Holland SE is progressively becoming less dependent on debt to grow their business.

SAF Holland SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for SAF Holland SE'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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SAF Holland SE LT-Debt-to-Total-Asset Chart

SAF Holland SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.39

0.33

0.43

0.41

SAF Holland SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.43	0.43	0.41	0.41

SAF Holland SE LT-Debt-to-Total-Asset Calculation

SAF Holland SE'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 )
	=	669.535	/	1651.739
	=	0.41

SAF Holland SE'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 )
	=	669.535	/	1651.739
	=	0.41

SAF Holland SE (CHIX:SFQd) 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.

SAF Holland SE LT-Debt-to-Total-Asset Related Terms

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SAF Holland SE (CHIX:SFQD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAF Holland SE (CHIX:SFQd) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0O4N:UK SFQ:Germany SFQ:Austria

Address

68-70, Boulevard de la Petrusse, Luxembourg, LUX, 2320

Website

https://www.safholland.com

SAF Holland SE is a manufacturer of chassis-related systems and components for trailers, trucks and buses. The product range comprises axle and suspension systems, fifth wheels, kingpins and landing gear and is marketed under the brands SAF, Holland, Neway, KLL, V.ORLANDI and York. It operates through EMEA, Americas and APAC segments.

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