DG Gruppe AG (HAM:DG6) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is DG Gruppe 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. DG Gruppe AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

DG Gruppe AG's long-term debt to total assets ratio increased from Dec. 2020 (0.16) to Dec. 2023 (0.29). It may suggest that DG Gruppe AG is progressively becoming more dependent on debt to grow their business.

DG Gruppe AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for DG Gruppe 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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DG Gruppe AG LT-Debt-to-Total-Asset Chart

DG Gruppe AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec19

Dec20

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.16

0.32

0.29

DG Gruppe AG Semi-Annual Data
	Dec14	Dec15	Dec16	Dec19	Dec20	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.19	0.16	0.32	0.29

DG Gruppe AG LT-Debt-to-Total-Asset Calculation

DG Gruppe 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 )
	=	0.812	/	2.803
	=	0.29

DG Gruppe AG'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 )
	=	0.812	/	2.803
	=	0.29

DG Gruppe AG (HAM:DG6) 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.

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DG Gruppe AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DG Gruppe AG (HAM:DG6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Monheimer Strasse 2, Wemding, DEU, 86650

Website

https://www.dg-gruppe.eu

DG Gruppe AG provides financial services including tax consultancy, advisory services, among others.

Executives

Bernd Helmsauer

Board of Directors

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