Bike24 Holding AG (LTS:0AAT) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Bike24 Holding 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. Bike24 Holding AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Bike24 Holding AG's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.00). It may suggest that Bike24 Holding AG is progressively becoming less dependent on debt to grow their business.

Bike24 Holding AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bike24 Holding 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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Bike24 Holding AG LT-Debt-to-Total-Asset Chart

Bike24 Holding AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.34

0.03

0.05

0.06

Bike24 Holding AG Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.10	0.06	0.12	0.07	-

Bike24 Holding AG LT-Debt-to-Total-Asset Calculation

Bike24 Holding 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 )
	=	15.628	/	246.605
	=	0.06

Bike24 Holding AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0	/	235.931
	=	0.00

Bike24 Holding AG (LTS:0AAT) 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.

Bike24 Holding AG LT-Debt-to-Total-Asset Related Terms

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Bike24 Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bike24 Holding AG (LTS:0AAT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BIKE:Germany

Address

Breitscheidstrasse 40, Dresden, DEU, 01237

Website

https://www.bike24.com

Bike24 Holding AG offers an e-commerce platform in Europe. Its online shop offers customers a range of bike products in the European market, including parts, accessories, and clothing, traditional bikes and e-bikes, as well as adjacent sports, electric and outdoor products. It operates in the Full Bikes product segment. Its geographic segment is Germany, Austria, and Switzerland, the Rest of Europe, Rest of the world, and the majority of the revenue comes from Germany. Its Brands include Asics, Cube, Endura, Fox, Garmin, and others.

Bike24 Holding AG Headlines

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