Gigaset AG (LTS:0DLF) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2023)

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What is Gigaset 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. Gigaset AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.03.

Gigaset AG's long-term debt to total assets ratio increased from Jun. 2022 (0.01) to Jun. 2023 (0.03). It may suggest that Gigaset AG is progressively becoming more dependent on debt to grow their business.

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

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

Gigaset AG Annual Data

Trend

Dec13

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Dec22

LT-Debt-to-Total-Asset

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0.01

Gigaset AG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.05	0.03

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

Gigaset AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.971	/	191.458
	=	0.01

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	5.43	/	188.13
	=	0.03

Gigaset AG (LTS:0DLF) 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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Gigaset AG (LTS:0DLF) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gigaset AG (LTS:0DLF) » Definitions » LT-Debt-to-Total-Asset

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GGS:Germany

Address

Frankenstrasse 2, Bochalt, DEU, 46395

Website

https://www.gigaset.com/hq_en

Gigaset AG manufactures and sells telecommunication equipment. Its business segments include Phones, Professional, Smart homes, and Smartphones. Phones segment generates the majority of the revenue. Its geographic segments include Germany, the European Union, and the Rest of the world.

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