WashTec AG (LTS:0GJK) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is WashTec 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. WashTec AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

WashTec AG's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.06). It may suggest that WashTec AG is progressively becoming more dependent on debt to grow their business.

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

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

WashTec AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.06

WashTec AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.06	0.05	0.05	0.06

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

WashTec 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 )
	=	16.78	/	271.306
	=	0.06

WashTec AG'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 )
	=	16.78	/	271.306
	=	0.06

WashTec AG (LTS:0GJK) 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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WashTec AG (LTS:0GJK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WashTec AG (LTS:0GJK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WSU:Germany

Address

Argonstrasse 7, Augsburg, DEU, 86153

Website

https://www.washtec.de

WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts.

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