Greening Group Global (FRA:70I) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Greening Group Global 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. Greening Group Global's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Greening Group Global's long-term debt to total assets ratio increased from Jun. 2023 (0.10) to Jun. 2024 (0.17). It may suggest that Greening Group Global is progressively becoming more dependent on debt to grow their business.

Greening Group Global LT-Debt-to-Total-Asset Historical Data

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

Greening Group Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.13

0.04

Greening Group Global Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.13	0.10	0.04	0.17

Greening Group Global LT-Debt-to-Total-Asset Calculation

Greening Group Global'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 )
	=	4.096	/	112.8
	=	0.04

Greening Group Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	24.308	/	143.574
	=	0.17

Greening Group Global (FRA:70I) 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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Greening Group Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Greening Group Global SA (FRA:70I) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GGR:Spain

Address

C/ Alcayata, 4. Poligono Industrial El Florio, Granada, ESP, 18015

Website

https://www.greening-group.com

Greening Group Global SA develops its operations in the design and construction of industrial facilities for renewable energy self-consumption, solar-powered water pumping, and the promotion of energy efficiency projects.

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