Elementis (LSE:ELM) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2024)

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What is Elementis 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. Elementis's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.20.

Elementis's long-term debt to total assets ratio declined from Jun. 2023 (0.24) to Jun. 2024 (0.20). It may suggest that Elementis is progressively becoming less dependent on debt to grow their business.

Elementis LT-Debt-to-Total-Asset Historical Data

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

Elementis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.30

0.28

0.27

0.20

Elementis 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															0.27	0.27	0.24	0.20	0.20

Elementis LT-Debt-to-Total-Asset Calculation

Elementis'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 )
	=	233.05	/	1194.006
	=	0.20

Elementis'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 )
	=	228.805	/	1119.657
	=	0.20

Elementis (LSE:ELM) 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.

Elementis LT-Debt-to-Total-Asset Related Terms

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Elementis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elementis PLC (LSE:ELM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EMNSF:USA ELMl:UK E3E:Germany

Address

51-53 Hatton Garden, The Bindery, 5th Floor, London, GBR, EC1N 8HN

Website

https://www.elementis.com

Elementis PLC manufactures and sells a variety of chemicals and coatings. The company has two operating segments Performance specialities and Personal Care. Performance Specialties segment consists of Coatings and Talc. The Personal Care segment is engaged in the production of rheological modifiers and compounded products, including active ingredients for AP deodorants, for supply to personal care manufacturers. The company generates the majority of its revenue from the Personal Care segment, which generates major revenue from the production of rheological modifiers and additives for decorative and industrial coatings. Geographically the company generates revenue from North America, United Kingdom, Rest of the Europe, and Rest of the world.