Elia Group/NV (XBRU:ELI) LT-Debt-to-Total-Asset : 0.48 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Elia Group/NV 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. Elia Group/NV's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.48.

Elia Group/NV's long-term debt to total assets ratio increased from Dec. 2022 (0.38) to Dec. 2023 (0.48). It may suggest that Elia Group/NV is progressively becoming more dependent on debt to grow their business.

Elia Group/NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elia Group/NV'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.

* Premium members only.

Elia Group/NV LT-Debt-to-Total-Asset Chart

Elia Group/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.39

0.48

0.43

0.38

0.48

Elia Group/NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.38	0.38	0.43	0.48

Elia Group/NV LT-Debt-to-Total-Asset Calculation

Elia Group/NV'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 )
	=	9254.8	/	19390.1
	=	0.48

Elia Group/NV'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 )
	=	9254.8	/	19390.1
	=	0.48

Elia Group/NV (XBRU:ELI) 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.

Elia Group/NV LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Elia Group/NV's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Elia Group/NV (XBRU:ELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elia Group SA/NV (XBRU:ELI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELIb:UK 0NTU:UK E4S:Germany

Address

Boulevard de l’Empereur 20, Brussels, BEL, B-1000

Website

https://www.eliagroup.eu

Elia Group SA/NV is a utility company that owns and develops electric grids in Central Europe. Elia maintains and operates high-voltage equipment and infrastructure projects, such as power lines, cables, and transformers. The company primarily generates revenue by serving as the electricity transmission system operator in both Germany and Belgium where it provides electric grid usage. Elia's Belgian and German operations are responsible for nearly all of its revenue. These countries also house most of the company's infrastructure investments. In its capacity as an electricity transmitter, Elia System facilitates long-term, day-ahead, and intraday energy markets.

Elia Group/NV (XBRU:ELI) Headlines

No Headlines