Groupe Berkem (FRA:6OU) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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

Groupe Berkem's long-term debt to total assets ratio declined from Dec. 2022 (0.34) to Dec. 2023 (0.32). It may suggest that Groupe Berkem is progressively becoming less dependent on debt to grow their business.

Groupe Berkem LT-Debt-to-Total-Asset Historical Data

The historical data trend for Groupe Berkem'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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Groupe Berkem LT-Debt-to-Total-Asset Chart

Groupe Berkem Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.49

0.18

0.25

0.34

0.32

Groupe Berkem Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.25	0.13	0.34	0.27	0.32

Groupe Berkem LT-Debt-to-Total-Asset Calculation

Groupe Berkem'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 )
	=	29.743	/	93.777
	=	0.32

Groupe Berkem'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 )
	=	29.743	/	93.777
	=	0.32

Groupe Berkem (FRA:6OU) 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.

Groupe Berkem LT-Debt-to-Total-Asset Related Terms

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Groupe Berkem (FRA:6OU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Groupe Berkem SA (FRA:6OU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ALKEM:France

Address

Marais Ouest, Gardonne, FRA, 24680

Website

https://www.berkem.com

Groupe Berkem SA is a benchmark player in plant-based chemistry with the mission of accelerating the ecological transition of players in everyday chemistry. It designs and manufactures a wide range of active ingredients derived from plant materials, which are then offered to manufacturers for the formulation of products.

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