Electrolux AB (LTS:0MDT) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Electrolux AB 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. Electrolux AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Electrolux AB's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.29). It may suggest that Electrolux AB is progressively becoming more dependent on debt to grow their business.

Electrolux AB LT-Debt-to-Total-Asset Historical Data

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

Electrolux AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.16

0.12

0.25

0.27

Electrolux AB 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															0.25	0.25	0.28	0.27	0.29

Electrolux AB LT-Debt-to-Total-Asset Calculation

Electrolux AB'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 )
	=	32294	/	120053
	=	0.27

Electrolux AB'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 )
	=	35268	/	123251
	=	0.29

Electrolux AB (LTS:0MDT) 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.

Electrolux AB LT-Debt-to-Total-Asset Related Terms

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Electrolux AB (LTS:0MDT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ELUXY:USA ELRXF:USA ELUX B:Sweden ELUX A:Sweden ELUXBs:UK ELXC:Germany

Address

Street Goransgatan 143, Stadshagen, Stockholm, SWE, SE-105 45

Website

https://www.electroluxgroup.com

Electrolux AB is a Sweden-based company that is principally engaged in manufacturing home appliances and appliances for professional use. Its products are categorized into kitchen products, laundry products, small appliances, professional kitchen products, professional laundry products, and adjacent products, with kitchen products accounting for more than half of total revenue. The company's brands include Electrolux, AEG, Zanussi, Frigidaire, and Electrolux Grand Cuisine. The company has a business presence, including North America, Europe, Latin America, Africa, the Middle East, and Asia, with North America and Europe jointly contributing over half of the total revenue.

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