DO AG (IST:DOCO) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2023)

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What is DO 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. DO AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.37.

DO AG's long-term debt to total assets ratio declined from Dec. 2022 (0.50) to Dec. 2023 (0.37). It may suggest that DO AG is progressively becoming less dependent on debt to grow their business.

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

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

DO AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.25

0.43

0.60

0.56

0.46

DO AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.50	0.46	0.43	0.37	0.37

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

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	9521.036	/	20524.559
	=	0.46

DO 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 )
	=	13545.59	/	36424.405
	=	0.37

DO AG (IST:DOCO) 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.

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

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DO AG (IST:DOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DO & Co AG (IST:DOCO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0E64:UK DOQ:Germany DOC:Austria

Address

Stephansplatz 12, Vienna, AUT, AT-1010

Website

https://www.doco.com

DO & Co AG is a gourmet entertainment company with its primary business in Austria. The company operates restaurants, bars, and hotels and provides international catering and airline catering services. The company is active in three main divisions: airline catering, international events catering, and restaurants, lounges and hotel. The airline division is the primary source of revenue. This segment consists of providing fresh meals for passengers across multiple airlines, such as Austrian Airlines, Turkish Airlines, African Airways, and Oman Air. The international event catering division consists of managing the menu and providing food for sporting events worldwide.

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