Nordex SE (LTS:0MEC) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Nordex SE 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. Nordex SE's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Nordex SE's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.00). It may suggest that Nordex SE is progressively becoming less dependent on debt to grow their business.

Nordex SE LT-Debt-to-Total-Asset Historical Data

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

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.09

0.11

0.05

0.07

Nordex SE 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															0.04	0.03	0.03	0.07	-

Nordex SE LT-Debt-to-Total-Asset Calculation

Nordex SE'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 )
	=	397.501	/	5422.031
	=	0.07

Nordex SE'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 )
	=	6.5	/	5188.033
	=	0.00

Nordex SE (LTS:0MEC) 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.

Nordex SE LT-Debt-to-Total-Asset Related Terms

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Nordex SE (LTS:0MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (LTS:0MEC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NRXXY:USA NRDXF:USA 1NDX:Italy NDX1d:UK NDX1:Germany NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.

Executives

José Luis Blanco Diéguez

Board of Directors

Nordex SE (LTS:0MEC) Headlines

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