AMAG Austria Metall AG (WBO:AMAG) LT-Debt-to-Total-Asset : 0.21 (As of Jun. 2024)

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What is AMAG Austria Metall AG 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. AMAG Austria Metall AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.21.

AMAG Austria Metall AG's long-term debt to total assets ratio declined from Jun. 2023 (0.28) to Jun. 2024 (0.21). It may suggest that AMAG Austria Metall AG is progressively becoming less dependent on debt to grow their business.

AMAG Austria Metall AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for AMAG Austria Metall AG'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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AMAG Austria Metall AG LT-Debt-to-Total-Asset Chart

AMAG Austria Metall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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AMAG Austria Metall AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	-	0.28	-	0.21

AMAG Austria Metall AG LT-Debt-to-Total-Asset Calculation

AMAG Austria Metall AG'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 )
	=	0	/	1620.188
	=	0.00

AMAG Austria Metall AG'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 )
	=	345.11	/	1634.831
	=	0.21

AMAG Austria Metall AG (WBO:AMAG) 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.

AMAG Austria Metall AG LT-Debt-to-Total-Asset Related Terms

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AMAG Austria Metall AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AMAG Austria Metall AG (WBO:AMAG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0Q7L:UK AM8:Germany

Address

Lamprechtshausener Strasse 61, P.O. Box 3, Braunau-Ranshofen, Ranshofen, AUT, A-5282

Website

https://www.amag-al4u.com

AMAG Austria Metall AG produces and sells high-quality cast and rolled aluminum products. The firm organizes its segments based on function. The metal segment purchases aluminum scrap and produces aluminum. The casting segment produces high-quality cast aluminum alloys for use by the automotive and electrical engineering industries. The rolling segment, which generates the majority of revenue, manufactures high-quality rolled aluminum products such as sheets, strips, and plates for use in the automotive, sports, engineering, and transportation markets. The segment also produces foil for packaging industries. The majority of revenue is generated in Western Europe and Austria.