Fastned BV (XAMS:FAST) LT-Debt-to-Total-Asset : 0.40 (As of Jun. 2023)

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What is Fastned BV 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. Fastned BV's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.40.

Fastned BV's long-term debt to total assets ratio declined from Jun. 2022 (0.46) to Jun. 2023 (0.40). It may suggest that Fastned BV is progressively becoming less dependent on debt to grow their business.

Fastned BV LT-Debt-to-Total-Asset Historical Data

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

Fastned BV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.84

1.05

1.13

0.38

0.36

Fastned BV Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.39	0.38	0.46	0.36	0.40

Fastned BV LT-Debt-to-Total-Asset Calculation

Fastned BV'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 )
	=	112.567	/	315.23
	=	0.36

Fastned BV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	128.63	/	325.957
	=	0.39

Fastned BV (XAMS:FAST) 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.

Fastned BV LT-Debt-to-Total-Asset Related Terms

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Fastned BV (XAMS:FAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fastned BV (XAMS:FAST) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

FSF:Germany

Address

James Wattstraat 77R, Amsterdam, NH, NLD, 1097 DL

Website

https://www.fastned.nl

Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands.