Schumag AG (HAM:SCM) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2023)

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What is Schumag 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. Schumag AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.17.

Schumag AG's long-term debt to total assets ratio increased from Mar. 2022 (0.13) to Mar. 2023 (0.17). It may suggest that Schumag AG is progressively becoming more dependent on debt to grow their business.

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

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

Schumag AG Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

LT-Debt-to-Total-Asset

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0.02

0.05

0.08

Schumag AG Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.08	0.13	0.16	0.17

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

Schumag AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (A: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2021 )	/	Total Assets (A: Sep. 2021 )
	=	2.632	/	34.996
	=	0.08

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

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	6.92	/	39.833
	=	0.17

Schumag AG (HAM:SCM) 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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Schumag AG (HAM:SCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schumag AG (HAM:SCM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nerscheider Weg 170, Aachen, DEU, D-52076

Website

http://www.schumag.de

Schumag AG is a Germany-based company engaged in the machinery and precision mechanics manufacture. It operates in one business segment being Precision Engineering, which produces automotive parts, components for precision measuring and indicating equipment, precision axles for a range of household's appliances, components for medical. It also produces optical equipment, standard precision parts for injection molding and pressure die-casting as well as precision parts in small lot sizes manufactured according to the customers' drawings. Its products include Control pistons, valve pistons, plungers, Plunger barrel combinations and High-pressure relief valves.