Ste Marseillaise du Tunnel Prado Carenage (LTS:0G2C) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is Ste Marseillaise du Tunnel Prado Carenage 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. Ste Marseillaise du Tunnel Prado Carenage's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Ste Marseillaise du Tunnel Prado Carenage's long-term debt to total assets ratio declined from Dec. 2022 (0.42) to Dec. 2023 (0.38). It may suggest that Ste Marseillaise du Tunnel Prado Carenage is progressively becoming less dependent on debt to grow their business.

Ste Marseillaise du Tunnel Prado Carenage LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ste Marseillaise du Tunnel Prado Carenage'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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Ste Marseillaise du Tunnel Prado Carenage LT-Debt-to-Total-Asset Chart

Ste Marseillaise du Tunnel Prado Carenage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.40

0.42

0.38

Ste Marseillaise du Tunnel Prado Carenage Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.40	0.42	0.41	0.38

Ste Marseillaise du Tunnel Prado Carenage LT-Debt-to-Total-Asset Calculation

Ste Marseillaise du Tunnel Prado Carenage'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 )
	=	53.435	/	139.258
	=	0.38

Ste Marseillaise du Tunnel Prado Carenage's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	53.435	/	139.258
	=	0.38

Ste Marseillaise du Tunnel Prado Carenage (LTS:0G2C) 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.

Ste Marseillaise du Tunnel Prado Carenage LT-Debt-to-Total-Asset Related Terms

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Ste Marseillaise du Tunnel Prado Carenage (LTS:0G2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ste Marseillaise du Tunnel Prado Carenage SA (LTS:0G2C) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ALTPC:France

Address

3 Avenue Arthur Scott, CS 70157, Marseille, FRA, 13010

Website

http://www.tunnelprado.com

Ste Marseillaise du Tunnel Prado Carenage SA is engaged in operating Prado Carenage Tunnel and the Louis-Rege Tunnel in France.

Ste Marseillaise du Tunnel Prado Carenage (LTS:0G2C) Headlines

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