ENCE Energia y Celulosa (STU:ENCA) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is ENCE Energia y Celulosa 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. ENCE Energia y Celulosa's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

ENCE Energia y Celulosa's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.27). It may suggest that ENCE Energia y Celulosa is progressively becoming more dependent on debt to grow their business.

ENCE Energia y Celulosa LT-Debt-to-Total-Asset Historical Data

The historical data trend for ENCE Energia y Celulosa'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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ENCE Energia y Celulosa LT-Debt-to-Total-Asset Chart

ENCE Energia y Celulosa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.31

0.26

0.13

0.22

ENCE Energia y Celulosa 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															0.22	0.24	0.28	0.22	0.27

ENCE Energia y Celulosa LT-Debt-to-Total-Asset Calculation

ENCE Energia y Celulosa'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 )
	=	371.223	/	1700.474
	=	0.22

ENCE Energia y Celulosa'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 )
	=	445.2	/	1653.8
	=	0.27

ENCE Energia y Celulosa (STU:ENCA) 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.

ENCE Energia y Celulosa LT-Debt-to-Total-Asset Related Terms

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ENCE Energia y Celulosa (STU:ENCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » ENCE Energia y Celulosa SA (STU:ENCA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0K96:UK ENC:Spain

Address

Beatriz de Bobadilla, 14, Madrid, ESP, 28040

Website

https://www.ence.es

ENCE Energia y Celulosa SA produces and sells pulp. The company owns and manages eucalyptus forests throughout Spain and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Over half of the company's pulp is sold to tissue paper producers. Other customers include manufacturers of specialty paper, printing and writing paper, and packaging paper. Ence also generates and sells electricity from forest biomass. The vast majority of revenue comes from Europe.

ENCE Energia y Celulosa (STU:ENCA) Headlines

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