City Service SE (WAR:CTS) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2023)

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What is City Service SE 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. City Service SE's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.14.

City Service SE's long-term debt to total assets ratio declined from Sep. 2022 (0.18) to Sep. 2023 (0.14). It may suggest that City Service SE is progressively becoming less dependent on debt to grow their business.

City Service SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for City Service SE'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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City Service SE LT-Debt-to-Total-Asset Chart

City Service SE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.17

0.20

0.07

0.17

City Service SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.16	0.15	0.14

City Service SE LT-Debt-to-Total-Asset Calculation

City Service SE's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	54.792	/	322.59
	=	0.17

City Service SE's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	44.26	/	315.664
	=	0.14

City Service SE (WAR:CTS) 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.

City Service SE LT-Debt-to-Total-Asset Related Terms

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City Service SE (WAR:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » City Service SE (WAR:CTS) » Definitions » LT-Debt-to-Total-Asset

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CTS1L:Lithuania

Address

Narva mnt. 5, Tallinn, EST, 10117

Website

https://www.cityservice.eu

City Service SE is a holding company. It controls a group engaged in the provision of facility management and integrated utility services in Western, Central and Eastern Europe. Its principal areas of activities include Apartment buildings administration, Commercial facility management, Territory cleaning & Maintenance, and Other activities. The company's geographical segments are Spain, Poland, Baltic states, and St. Petersburg. The Group is organized into business units based on services provided and have one main reportable segment: Buildings' administration which includes services of administration and maintenance of commercial and residential buildings.