Bell Equipment (FRA:B2K) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Bell Equipment 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. Bell Equipment's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Bell Equipment's long-term debt to total assets ratio declined from Jun. 2023 (0.06) to Jun. 2024 (0.05). It may suggest that Bell Equipment is progressively becoming less dependent on debt to grow their business.

Bell Equipment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bell Equipment'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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Bell Equipment LT-Debt-to-Total-Asset Chart

Bell Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.07

0.06

0.07

0.06

Bell Equipment Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.06	0.06	0.05

Bell Equipment LT-Debt-to-Total-Asset Calculation

Bell Equipment'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 )
	=	29.082	/	518.452
	=	0.06

Bell Equipment'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 )
	=	27.667	/	524.117
	=	0.05

Bell Equipment (FRA:B2K) 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.

Bell Equipment LT-Debt-to-Total-Asset Related Terms

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Bell Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Bell Equipment Ltd (FRA:B2K) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BEL:South Africa BLLQF:USA B2K:Germany

Address

13 -19 Carbonode Cell Road, Alton, Richards Bay, ZAF, 3900

Website

https://www.bellequipment.com

Bell Equipment Ltd is engaged in the manufacturing and distribution of material handling machines in South Africa. Its products include articulated dump trucks, haulage tractors, tractor loader backhoes, front-end loaders, sugar cane, and timber-loading equipment and construction equipment such as graders, dozers, and excavators. It machine are used for mining, construction, forestry, sugar, and related industries. It operates through below operation Manufacturing, assembly, logistics, and dealer sales operations and Direct Sales operation.

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