Fomento de Construcciones y Contratas (FRA:FCC) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2023)

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What is Fomento de Construcciones y Contratas 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. Fomento de Construcciones y Contratas's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.23.

Fomento de Construcciones y Contratas's long-term debt to total assets ratio declined from Jun. 2022 (0.27) to Jun. 2023 (0.23). It may suggest that Fomento de Construcciones y Contratas is progressively becoming less dependent on debt to grow their business.

Fomento de Construcciones y Contratas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fomento de Construcciones y Contratas'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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Fomento de Construcciones y Contratas LT-Debt-to-Total-Asset Chart

Fomento de Construcciones y Contratas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.37

0.39

0.30

0.26

0.27

Fomento de Construcciones y Contratas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.27	0.27	0.23

Fomento de Construcciones y Contratas LT-Debt-to-Total-Asset Calculation

Fomento de Construcciones y Contratas'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 )
	=	4182.245	/	15282.541
	=	0.27

Fomento de Construcciones y Contratas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	3655.79	/	15968.905
	=	0.23

Fomento de Construcciones y Contratas (FRA:FCC) 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.

Fomento de Construcciones y Contratas LT-Debt-to-Total-Asset Related Terms

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Fomento de Construcciones y Contratas (FRA:FCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fomento de Construcciones y Contratas SA (FRA:FCC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FMOCF:USA 0HAA:UK FCC:Spain FCC:Germany

Address

Federico Salmon, 13, Madrid, ESP, 28016

Website

http://www.fcc.es

Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.

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