Legrand (WBO:LR) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Legrand 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. Legrand's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Legrand's long-term debt to total assets ratio increased from Sep. 2023 (0.27) to Sep. 2024 (0.31). It may suggest that Legrand is progressively becoming more dependent on debt to grow their business.

Legrand LT-Debt-to-Total-Asset Historical Data

The historical data trend for Legrand'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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Legrand LT-Debt-to-Total-Asset Chart

Legrand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.32

0.28

Legrand Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.28	0.26	0.29	0.31

Legrand LT-Debt-to-Total-Asset Calculation

Legrand'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 )
	=	4089	/	14841.4
	=	0.28

Legrand's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4627.1	/	15185.7
	=	0.30

Legrand (WBO:LR) 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.

Legrand LT-Debt-to-Total-Asset Related Terms

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Legrand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legrand SA (WBO:LR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LGRVF:USA LGRDY:USA LRp:UK 0MW7:UK LR:France LRC:Germany

Address

128, Avenue de Lattre de Tassigny, Cedex, Limoges, FRA, 87045

Website

https://www.legrand.com

Legrand is a global manufacturer of low-voltage electrical components, which are mostly used in residential (40%) and nonresidential (40%) buildings. Its products include wiring devices, cable management, lighting, and audio visual equipment, sold under approximately 80 brands across 180 countries. Its products are sold primarily through specialist distributors that subsequently sell to installers/electricians. Legrand is a major supplier to global electrical equipment distributors, including Rexel and Sonepar. North America and Europe each account for 40% of group sales.

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