Pescanova (LTS:0FQS) LT-Debt-to-Total-Asset : 0.06 (As of May. 2024)

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What is Pescanova 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. Pescanova's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.06.

Pescanova's long-term debt to total assets ratio increased from May. 2023 (0.05) to May. 2024 (0.06). It may suggest that Pescanova is progressively becoming more dependent on debt to grow their business.

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

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

Pescanova Annual Data

Trend

Dec12

Dec13

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.25

0.26

0.27

0.04

0.05

Pescanova Semi-Annual Data
	Dec12	Dec13	Jun14	May15	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	0.05	0.05	0.06

Pescanova LT-Debt-to-Total-Asset Calculation

Pescanova's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	2.102	/	38.577
	=	0.05

Pescanova's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	2.109	/	33.71
	=

Pescanova (LTS:0FQS) 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.

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

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Pescanova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pescanova SA (LTS:0FQS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PVA:Spain PNV:Germany

Address

Rua Jose Fernandez Lopez, Pontevedra, ESP, 36320

Website

http://www.pescanova.com

Pescanova SA through its engages in the fishing business. It is involved in the aquafarming and industrial exploitation of sea products. Its main activities include production, processing and distribution of fish as food products.

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