VEOM Group (STU:2AW1) LT-Debt-to-Total-Asset : 0.67 (As of Dec. 2023)

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What is VEOM Group 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. VEOM Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.67.

VEOM Group's long-term debt to total assets ratio increased from Dec. 2022 (0.61) to Dec. 2023 (0.67). It may suggest that VEOM Group is progressively becoming more dependent on debt to grow their business.

VEOM Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for VEOM Group'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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VEOM Group LT-Debt-to-Total-Asset Chart

VEOM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.29

0.12

0.61

0.67

VEOM Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.63	0.61	0.48	0.67

VEOM Group LT-Debt-to-Total-Asset Calculation

VEOM Group'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 )
	=	17.176	/	25.837
	=	0.66

VEOM Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	17.176	/	25.837
	=	0.66

VEOM Group (STU:2AW1) 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.

VEOM Group LT-Debt-to-Total-Asset Related Terms

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VEOM Group (STU:2AW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VEOM Group (STU:2AW1) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ALVG:France 2AW1:Germany

Address

93, Place Pierre Duhem, Montpellier, FRA, 34000

Website

https://www.veomgroup.com

VEOM Group formerly Cabasse Group is a provider of Smart Home products and services. The company's products are classified under smart audio; home automation; and security and electricity that consists of range of security solutions such as cameras, videophones, alarms, detectors connected to a single ecosystem as well as a wide range of essential electrical accessories for the home such as cords, plugs, sockets, cables.

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