KONE Oyj (MIL:1KNEBV) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is KONE Oyj 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. KONE Oyj's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

KONE Oyj's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.06). It may suggest that KONE Oyj is progressively becoming more dependent on debt to grow their business.

KONE Oyj LT-Debt-to-Total-Asset Historical Data

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

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.03

0.05

KONE Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.06	0.06	0.06

KONE Oyj LT-Debt-to-Total-Asset Calculation

KONE Oyj'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 )
	=	438.7	/	8730.8
	=	0.05

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	471.5	/	8610.7
	=	0.05

KONE Oyj (MIL:1KNEBV) 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.

KONE Oyj LT-Debt-to-Total-Asset Related Terms

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KONE Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (MIL:1KNEBV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA KNEBVh:UK 0II2:UK KNEBV:Finland KC40:Germany KC4:Germany KC4:Germany KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, 02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

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