General de Alquiler de Maquinaria (LTS:0RTJ) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is General de Alquiler de Maquinaria 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. General de Alquiler de Maquinaria's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

General de Alquiler de Maquinaria's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Jun. 2024 (0.29). It may suggest that General de Alquiler de Maquinaria is progressively becoming less dependent on debt to grow their business.

General de Alquiler de Maquinaria LT-Debt-to-Total-Asset Historical Data

The historical data trend for General de Alquiler de Maquinaria'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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General de Alquiler de Maquinaria LT-Debt-to-Total-Asset Chart

General de Alquiler de Maquinaria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.87

0.56

0.47

0.40

0.46

General de Alquiler de Maquinaria Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.42	0.46	0.48	0.29

General de Alquiler de Maquinaria LT-Debt-to-Total-Asset Calculation

General de Alquiler de Maquinaria's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	204.626	/	449.522
	=	0.46

General de Alquiler de Maquinaria's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	156.366	/	547.795
	=	0.29

General de Alquiler de Maquinaria (LTS:0RTJ) 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.

General de Alquiler de Maquinaria LT-Debt-to-Total-Asset Related Terms

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General de Alquiler de Maquinaria Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General de Alquiler de Maquinaria SA (LTS:0RTJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GAM:Spain 4LX:Germany

Address

Carretera Nacional II/INTA s/n, San Fernando de Henares, Madrid, ESP

Website

http://www.gamalquiler.es

General de Alquiler de Maquinaria SA is a machinery rental company. The company's rental fleet includes compactors, compressors, dumpers, electric machinery, platforms, cranes, scaffolds and transport vehicles, as well as auxiliary equipment and machinery used in the infrastructure, agricultural, port, construction, industrial and energy sectors. In addition, the company is involved in the sale of second-hand equipment.

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