Marel hf (XAMS:MAREL) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is Marel hf 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. Marel hf's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

Marel hf's long-term debt to total assets ratio increased from Sep. 2023 (0.30) to Sep. 2024 (0.34). It may suggest that Marel hf is progressively becoming more dependent on debt to grow their business.

Marel hf LT-Debt-to-Total-Asset Historical Data

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

Marel hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.15

0.13

0.28

0.33

Marel hf 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															0.30	0.33	0.32	0.34	0.34

Marel hf LT-Debt-to-Total-Asset Calculation

Marel hf'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 )
	=	849.6	/	2599.8
	=	0.33

Marel hf'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 )
	=	870.8	/	2562.6
	=	0.34

Marel hf (XAMS:MAREL) 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.

Marel hf LT-Debt-to-Total-Asset Related Terms

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Marel hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marel hf (XAMS:MAREL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MAREL:Iceland

Address

Austurhraun 9, Gardabaer, ISL, 210

Website

https://www.marel.com

Marel hf is an Iceland-based company that acts as a provider of equipment, systems and services for the poultry, fish, meat and further food processing industries and is involved in the manufacturing, development, distribution and sales of solutions for these industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for salmon and whitefish processing, both farmed and wild, onboard and ashore. In addition, it also focuses on deboning and trimming, case ready foodservice and bacon processing. The firm also provides products for portioning, coating, heat treatment and sausage making. It organizes its business in four segments; poultry, fish, meat, and plant, pet and feed.

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