Lacroix Group (FRA:51M) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

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What is Lacroix Group 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. Lacroix Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Lacroix Group's long-term debt to total assets ratio increased from Dec. 2022 (0.16) to Dec. 2023 (0.18). It may suggest that Lacroix Group is progressively becoming more dependent on debt to grow their business.

Lacroix Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lacroix Group'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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Lacroix Group LT-Debt-to-Total-Asset Chart

Lacroix Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

0.11

0.16

Lacroix Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.15	0.16	0.16	0.18

Lacroix Group LT-Debt-to-Total-Asset Calculation

Lacroix Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	93.512	/	591.439
	=	0.16

Lacroix Group'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 )
	=	107.444	/	607.1
	=	0.18

Lacroix Group (FRA:51M) 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.

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Lacroix Group (FRA:51M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lacroix Group (FRA:51M) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LACR:France

Address

8, impasse du Bourrelier, B.P. 30 004, Saint Herblain cedex, FRA, 44801

Website

https://www.lacroix-group.com

Lacroix Group is engaged in the design and production of consumer electronic equipment, in particular in the automotive, home automation, aeronautical, industrial and health sectors.

Lacroix Group (FRA:51M) Headlines

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