FLSmidth. A/S (FLSmidth. A/S) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is FLSmidth. A/S 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. FLSmidth. A/S's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

FLSmidth. A/S's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.07). It may suggest that FLSmidth. A/S is progressively becoming less dependent on debt to grow their business.

FLSmidth. A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for FLSmidth. A/S'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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FLSmidth. A/S LT-Debt-to-Total-Asset Chart

FLSmidth. A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.04

0.07

FLSmidth. A/S 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															0.07	0.09	0.10	0.09	0.07

FLSmidth. A/S LT-Debt-to-Total-Asset Calculation

FLSmidth. A/S'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 )
	=	258.237	/	3951.981
	=	0.07

FLSmidth. A/S'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 )
	=	258.237	/	3951.981
	=	0.07

FLSmidth. A/S (OTCPK:FLIDY) 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.

FLSmidth. A/S LT-Debt-to-Total-Asset Related Terms

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FLSmidth. A/S (FLSmidth. A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FLSmidth & Co. A/S (OTCPK:FLIDY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FLIDF:USA FLSc:UK 0OJA:UK FLS:Denmark F6O1:Germany

Address

Vigerslev Alle 77, Valby, Copenhagen, DNK, DK-2500

Website

https://www.flsmidth.com

FLSmidth & Co. A/S is a Denmark-based company that designs, manufactures, and supplies machinery, cement plants, and minerals processing solutions and provide services along with the construction. The company's two segments are mining and cement. The majority of revenue is generated from the mining segment. Geographically, the company operates across the Americas, Asia, Africa, Europe, and Oceania. Among all areas, South America contributes the most revenue, mainly due to mining.