Nexans (FRA:NXS) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Nexans 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. Nexans's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Nexans's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.11). It may suggest that Nexans is progressively becoming more dependent on debt to grow their business.

Nexans LT-Debt-to-Total-Asset Historical Data

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

Nexans Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.13

0.08

0.11

Nexans Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.15	0.08	0.12	0.11

Nexans LT-Debt-to-Total-Asset Calculation

Nexans'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 )
	=	747	/	6536
	=	0.11

Nexans's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	747	/	6536
	=	0.11

Nexans (FRA:NXS) 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.

Nexans LT-Debt-to-Total-Asset Related Terms

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Nexans (FRA:NXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nexans (FRA:NXS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NXPRF:USA NEXNY:USA 0IGF:UK NEX:France NXS:Germany

Address

8 rue du Général Foy, Paris, FRA, 75008

Website

http://www.nexans.com

Nexans is a French company that manufactures and distributes cable products. The company operates through three segments. The transmission, distribution, and operators segment consists of power cables for energy infrastructure, as well as copper and optical fiber cables for public telecommunication networks. The industry segment refers to specialty cables for industrial customers, as well as cables for the shipbuilding, railroad, and aeronautical manufacturing industries, among others. The distributors and installers segment consists of equipment cables for the building market and private telecommunication networks. France, Germany, and Norway are the three biggest markets for the company.

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