Amica (LTS:0LR0) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Amica 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. Amica's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Amica's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.05). It may suggest that Amica is progressively becoming less dependent on debt to grow their business.

Amica LT-Debt-to-Total-Asset Historical Data

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

Amica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.06

0.05

Amica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.05	0.05	0.05

Amica LT-Debt-to-Total-Asset Calculation

Amica'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 )
	=	95.4	/	1995
	=	0.05

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	89.8	/	1984
	=	0.05

Amica (LTS:0LR0) 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.

Amica LT-Debt-to-Total-Asset Related Terms

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Amica (LTS:0LR0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Amica SA (LTS:0LR0) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AMC:Poland 9R1:Germany

Address

Mickiewicza Street 52, Wronki, POL, 64-510

Website

http://www.amica.pl

Amica SA is a manufacturer of household appliance products including cookers, ovens, hobs, refrigerators, dishwashers, washing machines, microwave ovens, and hoods. It sells its products under the brand Amica, Gram, Hansa, and CDA. The company also offers small kitchen appliances, including kettles, toasters, coffee makers, juicers, food processors, blenders and mixers, sandwich makers and grills, and other kitchen appliances; and vacuum cleaners. It sells its products mainly in Poland, Germany, the Russian Federation, Nordic countries, the Czech Republic, Slovakia and the United Kingdom, among others.

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