Lanxess AG (LTS:0H7I) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Lanxess 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. Lanxess AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Lanxess AG's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

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

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

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.26

0.27

0.30

Lanxess AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.30	-	-	-

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

Lanxess 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 )
	=	2937	/	9665
	=	0.30

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0	/	9448
	=	0.00

Lanxess AG (LTS:0H7I) 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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Lanxess AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (LTS:0H7I) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK LX9B:Germany LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://lanxess.com

Lanxess AG is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

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