Simona AG (FRA:SIM0) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Simona AG 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. Simona AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Simona AG's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.01) to Jun. 2024 (0.01).

Simona AG LT-Debt-to-Total-Asset Historical Data

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

Simona AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.07

0.05

Simona AG 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															0.01	0.07	0.01	0.05	0.01

Simona AG LT-Debt-to-Total-Asset Calculation

Simona AG'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 )
	=	32.823	/	611.171
	=	0.05

Simona AG'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 )
	=	7.326	/	638.768
	=	0.01

Simona AG (FRA:SIM0) 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.

Simona AG LT-Debt-to-Total-Asset Related Terms

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Simona AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simona AG (FRA:SIM0) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Teichweg 16, Kirn, RP, DEU, 55606

Website

https://www.simona.de

Simona AG is Germany based company that is engaged in developing, manufacturing and marketing semi-finished thermoplastics, pipes, and fittings as well as finished parts and profiles. The company's products include sheets, twin wall sheets, rods, profiles, welding rods, pipes, fittings, flanges, valves, solid rods, hollow rods, U-profiles and square pipes and finished parts and profiles. The company organizes its business into geographic segments namely EMEA, the Americas, and Asia-Pacific. All three segments generate their revenues through the sale of Semi-finished and finished parts and Pipes and fittings.

Executives

Matthias Schoenberg

Board of Directors

Simona AG Headlines

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