Compagnie deint-Gobain (Compagnie deint-Gobain) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is Compagnie deint-Gobain 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. Compagnie deint-Gobain's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

Compagnie deint-Gobain's long-term debt to total assets ratio increased from Dec. 2022 (0.20) to Dec. 2023 (0.22). It may suggest that Compagnie deint-Gobain is progressively becoming more dependent on debt to grow their business.

Compagnie deint-Gobain LT-Debt-to-Total-Asset Historical Data

The historical data trend for Compagnie deint-Gobain'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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Compagnie deint-Gobain LT-Debt-to-Total-Asset Chart

Compagnie deint-Gobain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.26

0.23

0.20

0.22

Compagnie deint-Gobain 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															0.23	0.19	0.20	0.21	0.22

Compagnie deint-Gobain LT-Debt-to-Total-Asset Calculation

Compagnie deint-Gobain'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 )
	=	13938.931	/	62485.278
	=	0.22

Compagnie deint-Gobain'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 )
	=	13938.931	/	62485.278
	=	0.22

Compagnie deint-Gobain (OTCPK:CODGF) 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.

Compagnie deint-Gobain LT-Debt-to-Total-Asset Related Terms

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Compagnie deint-Gobain (Compagnie deint-Gobain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Compagnie de Saint-Gobain SA (OTCPK:CODGF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CODYY:USA SGOp:UK COD:UK SGO:France GOB:Germany GOB:Switzerland SGO:Austria

Address

12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, FRA, 92400

Website

http://www.saint-gobain.com

Compagnie Saint-Gobain is a manufacturer of building materials that are primarily supplied to the construction industry. The company offers a vast range of products ranging from glass windows to plaster-based products and piping systems, as well as a distribution business. Saint-Gobain has a well-documented history stretching back to the 17th century, with traces of its products visible across France's most prominent landmarks. Approximately two thirds of sales are generated in Europe, with France contributing 26% of group sales.

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