Groupe Partouche (LTS:0ID8) LT-Debt-to-Total-Asset : 0.29 (As of Oct. 2023)

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What is Groupe Partouche 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. Groupe Partouche's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.29.

Groupe Partouche's long-term debt to total assets ratio declined from Oct. 2022 (0.30) to Oct. 2023 (0.29). It may suggest that Groupe Partouche is progressively becoming less dependent on debt to grow their business.

Groupe Partouche LT-Debt-to-Total-Asset Historical Data

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

Groupe Partouche Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.19

0.27

0.31

0.30

0.29

Groupe Partouche Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.26	0.30	0.29	0.29

Groupe Partouche LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	229.995	/	804.337
	=	0.29

Groupe Partouche's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	229.995	/	804.337
	=	0.29

Groupe Partouche (LTS:0ID8) 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.

Groupe Partouche LT-Debt-to-Total-Asset Related Terms

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Groupe Partouche (LTS:0ID8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Groupe Partouche (LTS:0ID8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PARP:France PZ21:Germany

Address

141 bis, Rue de Saussure, Paris, FRA, 75017

Website

https://www.groupepartouche.com

Groupe Partouche is a France-based company that owns and operates casinos and Hotels. It conducts its activities in France, Belgium, and Switzerland. The games that the company provides include Boule, Texas Hold'em poker, and electronic roulette and slot machines. The company's segments are divided into Casinos, Hotels, and Other Activities. The Casino division, comprises gaming, catering, and entertainment, the Hotel division, comprises accommodation and hospitality services. The majority of the revenue is generated from the Casinos segment. The group also operates in the rest of Europe and at the international level.

Groupe Partouche (LTS:0ID8) Headlines

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