Zemaitijos Pienas AB (STU:IU8) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Zemaitijos Pienas AB 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. Zemaitijos Pienas AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Zemaitijos Pienas AB's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Dec. 2023 (0.05). It may suggest that Zemaitijos Pienas AB is progressively becoming more dependent on debt to grow their business.

Zemaitijos Pienas AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zemaitijos Pienas AB'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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Zemaitijos Pienas AB LT-Debt-to-Total-Asset Chart

Zemaitijos Pienas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.04

0.02

0.05

Zemaitijos Pienas AB 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															0.02	0.06	0.05	0.09	0.05

Zemaitijos Pienas AB LT-Debt-to-Total-Asset Calculation

Zemaitijos Pienas AB'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 )
	=	8.167	/	166.475
	=	0.05

Zemaitijos Pienas AB'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 )
	=	8.167	/	166.475
	=	0.05

Zemaitijos Pienas AB (STU:IU8) 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.

Zemaitijos Pienas AB LT-Debt-to-Total-Asset Related Terms

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Zemaitijos Pienas AB (STU:IU8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zemaitijos Pienas AB (STU:IU8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZMP1L:Lithuania

Address

Sedos Street. 35, Telsiai, LTU, 87101

Website

https://www.zpienas.lt

Zemaitijos Pienas AB, along with its subsidiaries is engaged in production and sale of dairy products. Its products include cheese and cheese products, pre-packaged cheese, cream, buttermilk products mixed spreads, milk fat, pasteurized cream, dried milk products, and fresh dairy products. The company markets its products under Dziugas, Germanto, Zemaitijos, Magija, Piknik, Rambyno, and Dobilas. Zemaitijos generates the majority of its revenue from Lithuania.

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