Symrise AG (CHIX:SY1D) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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What is Symrise AG 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. Symrise AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Symrise AG's long-term debt to total assets ratio declined from Dec. 2022 (0.32) to Dec. 2023 (0.32). It may suggest that Symrise AG is progressively becoming less dependent on debt to grow their business.

Symrise AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Symrise AG'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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Symrise AG LT-Debt-to-Total-Asset Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.34

0.21

0.32

Symrise AG 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															0.21	0.31	0.32	0.32	0.32

Symrise AG LT-Debt-to-Total-Asset Calculation

Symrise AG'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 )
	=	2495.742	/	7845.613
	=	0.32

Symrise AG'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 )
	=	2495.742	/	7845.613
	=	0.32

Symrise AG (CHIX:SY1d) 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.

Symrise AG LT-Debt-to-Total-Asset Related Terms

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Symrise AG (CHIX:SY1D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (CHIX:SY1d) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico 0G6T:UK SY1:Germany SY1:Austria

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

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