Fabryki Mebli Forte (WAR:FTE) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Fabryki Mebli Forte 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. Fabryki Mebli Forte's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Fabryki Mebli Forte's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.03). It may suggest that Fabryki Mebli Forte is progressively becoming less dependent on debt to grow their business.

Fabryki Mebli Forte LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fabryki Mebli Forte'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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Fabryki Mebli Forte LT-Debt-to-Total-Asset Chart

Fabryki Mebli Forte Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.35

0.12

0.17

0.19

Fabryki Mebli Forte Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.07	0.03	0.03	0.03

Fabryki Mebli Forte LT-Debt-to-Total-Asset Calculation

Fabryki Mebli Forte's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	267.609	/	1437.464
	=	0.19

Fabryki Mebli Forte's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	37.773	/	1409.462
	=	0.03

Fabryki Mebli Forte (WAR:FTE) 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.

Fabryki Mebli Forte LT-Debt-to-Total-Asset Related Terms

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Fabryki Mebli Forte Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fabryki Mebli Forte SA (WAR:FTE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300

Website

https://company.forte.com.pl/en

Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.

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