Grupa Kety (FRA:GQ2) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Grupa Kety 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. Grupa Kety's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Grupa Kety's long-term debt to total assets ratio increased from Sep. 2023 (0.13) to Sep. 2024 (0.24). It may suggest that Grupa Kety is progressively becoming more dependent on debt to grow their business.

Grupa Kety LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupa Kety'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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Grupa Kety LT-Debt-to-Total-Asset Chart

Grupa Kety Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.16

0.12

0.23

0.14

Grupa Kety Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.14	0.18	0.16	0.24

Grupa Kety LT-Debt-to-Total-Asset Calculation

Grupa Kety'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 )
	=	123.432	/	892.896
	=	0.14

Grupa Kety's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	252.887	/	1060.932
	=	0.24

Grupa Kety (FRA:GQ2) 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.

Grupa Kety LT-Debt-to-Total-Asset Related Terms

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Grupa Kety Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grupa Kety SA (FRA:GQ2) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

KTY:Poland

Address

ul. Ko?ciuszki 111, Kety, POL, 32-650

Website

http://www.gk-kety.com.pl

Grupa Kety SA manufactures and sells extruded aluminum and other aluminum products primarily to industrial customers. The firm organizes itself into five segments based on product. The Extruded Products segment manufactures aluminum profiles. The Flexible Packaging segment produces and sells packaging to the food industry. The Aluminum Systems segment, which generates the most revenue of any segment, sells aluminum systems to the building industry. The Building Accessories and Building Services segments produce and sell hardware and aluminum facades to the construction industry. The vast majority of Grupa Kety's revenue comes from Poland, where the company's operations are also located.

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