Bang & Olufsen A/S (FRA:BUOB) LT-Debt-to-Total-Asset : 0.06 (As of Feb. 2024)

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What is Bang & Olufsen 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. Bang & Olufsen A/S's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.06.

Bang & Olufsen A/S's long-term debt to total assets ratio increased from Feb. 2023 (0.06) to Feb. 2024 (0.06). It may suggest that Bang & Olufsen A/S is progressively becoming more dependent on debt to grow their business.

Bang & Olufsen A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bang & Olufsen 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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Bang & Olufsen A/S LT-Debt-to-Total-Asset Chart

Bang & Olufsen A/S Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.03

0.11

0.08

0.06

0.07

Bang & Olufsen A/S Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.07	0.07	0.06

Bang & Olufsen A/S LT-Debt-to-Total-Asset Calculation

Bang & Olufsen A/S's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	22.145	/	320.092
	=	0.07

Bang & Olufsen A/S's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	19.194	/	297.98
	=	0.06

Bang & Olufsen A/S (FRA:BUOB) 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.

Bang & Olufsen A/S LT-Debt-to-Total-Asset Related Terms

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Bang & Olufsen A/S (FRA:BUOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bang & Olufsen A/S (FRA:BUOB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

BGOUF:USA BO:Denmark BUOB:Germany

Address

Bang og Olufsen Alle 1, Struer, DNK, DK-7600

Website

http://www.bang-olufsen.com

Bang & Olufsen A/S designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, and multimedia products. Geographically, it derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA) and also has a presence in the Americas and Asia. It generates maximum revenue from the Staged product category followed by On-the-go; Flexible Living Brand Partnering and other activities.

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