PNE AG (LTS:0KUY) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is PNE 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. PNE AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

PNE AG's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.04). It may suggest that PNE AG is progressively becoming less dependent on debt to grow their business.

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

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

PNE AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.51

0.59

0.58

0.64

PNE 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															0.06	0.64	0.05	0.04	0.04

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

PNE 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 )
	=	705.207	/	1100.692
	=	0.64

PNE 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 )
	=	54	/	1279.7
	=	0.04

PNE AG (LTS:0KUY) 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.

PNE AG LT-Debt-to-Total-Asset Related Terms

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PNE AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PNE AG (LTS:0KUY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1PNE:Italy PNE3:Germany

Address

Peter-Henlein-Strasse 2-4, Cuxhaven, NI, DEU, 27472

Website

https://www.pne-ag.com

PNE AG is a wind farm developer in the offshore area. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: Project development; Service products; and Electricity generation. The project development segment reports sub-divisions such as onshore wind power - national and international, offshore wind power - national and international, and photovoltaic projects - national and international, as well as other projects.

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