Controladora NemakB De CV (MEX:NMKA) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2021)

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What is Controladora NemakB De CV 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. Controladora NemakB De CV's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.28.

Controladora NemakB De CV's long-term debt to total assets ratio increased from Jun. 2020 (0.00) to Sep. 2021 (0.28). It may suggest that Controladora NemakB De CV is progressively becoming more dependent on debt to grow their business.

Controladora NemakB De CV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Controladora NemakB De CV'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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Controladora NemakB De CV LT-Debt-to-Total-Asset Chart

Controladora NemakB De CV Annual Data

Trend

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

0.29

0.28

0.29

Controladora NemakB De CV Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	0.33	0.28	0.34	0.28

Controladora NemakB De CV LT-Debt-to-Total-Asset Calculation

Controladora NemakB De CV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	25921	/	88744
	=	0.29

Controladora NemakB De CV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	27418.118	/	99176.776
	=	0.28

Controladora NemakB De CV (MEX:NMKA) 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.

Controladora NemakB De CV LT-Debt-to-Total-Asset Related Terms

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Controladora NemakB De CV (MEX:NMKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Controladora Nemak SAB De CV (MEX:NMKA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Librameinto Arco Vial Km 3.8, Garcia, NL, MEX, 66000

Website

https://www.nemak.com

Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products.

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