Picanol NV (LTS:0FM2) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2022)

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What is Picanol NV 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. Picanol NV's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.07.

Picanol NV's long-term debt to total assets ratio declined from Jun. 2021 (0.13) to Jun. 2022 (0.07). It may suggest that Picanol NV is progressively becoming less dependent on debt to grow their business.

Picanol NV LT-Debt-to-Total-Asset Historical Data

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

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.17

0.15

0.14

0.07

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.14	0.13	0.07	0.07

Picanol NV LT-Debt-to-Total-Asset Calculation

Picanol NV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	196.2	/	3032
	=	0.06

Picanol NV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	207.4	/	3212.3
	=	0.06

Picanol NV (LTS:0FM2) 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.

Picanol NV LT-Debt-to-Total-Asset Related Terms

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Picanol NV (LTS:0FM2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Picanol NV (LTS:0FM2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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