CANCOM SE (WBO:COK) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is CANCOM 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. CANCOM SE's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

CANCOM SE's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.09). It may suggest that CANCOM SE is progressively becoming more dependent on debt to grow their business.

CANCOM SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for CANCOM 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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CANCOM SE LT-Debt-to-Total-Asset Chart

CANCOM SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.08

0.09

CANCOM SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	-	0.09	-	0.09

CANCOM SE LT-Debt-to-Total-Asset Calculation

CANCOM SE'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 )
	=	145.875	/	1548.475
	=	0.09

CANCOM SE'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 )
	=	145.875	/	1548.475
	=	0.09

CANCOM SE (WBO:COK) 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.

CANCOM SE LT-Debt-to-Total-Asset Related Terms

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CANCOM SE (WBO:COK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CANCOM SE (WBO:COK) » Definitions » LT-Debt-to-Total-Asset

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COKd:UK 0O0F:UK COK:Germany

Address

Erika-Mann-Strasse 69, Munich, BY, DEU, D-80636

Website

https://www.cancom.de

CANCOM SE is a provider of IT infrastructure and IT services in Germany and Austria. Business operations of the company are carried out through Germany, Austria, Switzerland, and the U.S.A. The company offers IT architecture, systems integration and managed services. The company managed its businesses in two segments: Cloud Solutions and IT Solutions of which the IT Solutions segment contributes a majority of total revenue. Cloud Solutions segment comprises the cloud and shared managed services business, including project related cloud hardware, software, and services business. IT Solutions offers comprehensive support for IT infrastructure and applications.

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