Krones AG (Krones AG) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Krones 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. Krones AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Krones AG's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Krones AG is progressively becoming more dependent on debt to grow their business.

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

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

Krones AG Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Krones 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															0.02	0.02	0.03	0.03	0.02

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

Krones 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 )
	=	112	/	4882.344
	=	0.02

Krones 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 )
	=	112	/	4882.344
	=	0.02

Krones AG (OTCPK:KRNTY) 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.

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

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Krones AG (Krones AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krones AG (OTCPK:KRNTY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

KRNd:UK 0LQ4:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (Krones AG) Headlines

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