Cellnex Telecom (Cellnex Telecom) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is Cellnex Telecom 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. Cellnex Telecom's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

Cellnex Telecom's long-term debt to total assets ratio increased from Mar. 2023 (0.44) to Mar. 2024 (0.46). It may suggest that Cellnex Telecom is progressively becoming more dependent on debt to grow their business.

Cellnex Telecom LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cellnex Telecom'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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Cellnex Telecom LT-Debt-to-Total-Asset Chart

Cellnex Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.45

0.41

0.46

0.45

Cellnex Telecom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.44	0.46	0.45	0.46

Cellnex Telecom LT-Debt-to-Total-Asset Calculation

Cellnex Telecom'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 )
	=	21713.303	/	48380.855
	=	0.45

Cellnex Telecom's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	22028.261	/	47665.217
	=	0.46

Cellnex Telecom (OTCPK:CLNXF) 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.

Cellnex Telecom LT-Debt-to-Total-Asset Related Terms

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Cellnex Telecom (Cellnex Telecom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cellnex Telecom SA (OTCPK:CLNXF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CLLNY:USA CLNX:Mexico CLNXe:UK 0R9C:UK CLNX:Spain 472:Germany

Address

Passeig Zona Franca, 105, Barcelona, ESP, 08038

Website

https://www.cellnextelecom.com

Cellnex owns and operates more than 100,000 wireless towers in Europe, resulting from continued M&A activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in more than 10 European countries as of March 2023, including France, Italy, Spain, Poland, the United Kingdom, Switzerland, and Portugal. Cellnex's strategy is to acquire portfolios from MNOs and lease the towers back to them through long-term contracts, which provide high cash flow visibility and inflation protection.