Applus Services (XMAD:APPS) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Applus Services 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. Applus Services's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Applus Services's long-term debt to total assets ratio declined from Jun. 2023 (0.38) to Jun. 2024 (0.16). It may suggest that Applus Services is progressively becoming less dependent on debt to grow their business.

Applus Services LT-Debt-to-Total-Asset Historical Data

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

Applus Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.38

0.39

0.40

Applus Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.39	0.38	0.40	0.16

Applus Services LT-Debt-to-Total-Asset Calculation

Applus Services'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 )
	=	965.087	/	2440.687
	=	0.40

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	383.308	/	2412.848
	=	0.16

Applus Services (XMAD:APPS) 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.

Applus Services LT-Debt-to-Total-Asset Related Terms

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Applus Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Applus Services SA (XMAD:APPS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0QTZ:UK 39A:Germany

Address

Calle Campezo 1, Parque Empresarial Las Mercedes, Edificio 3, Madrid, ESP, 28022

Website

https://www.applus.com

Applus Services SA is a Spain-based company that provides testing, inspection and certification services. The company operates through four divisions. Applus+ Energy & Industry, Applus+ Laboratories, Applus+ Automotive, Applus+ IDIADA and Other. Applus+ Energy & Industry provides non-destructive testing, quality control and accreditation services, project management, supplier inspection, facility inspection and asset certification and integrity services. Applus+ Laboratories offers variety of laboratory testing, system certification, product development services. Applus+ Automotive offers vehicle roadworthiness testing services, verifying vehicles' compliance with safety. Applus+ IDIADA offers design, engineering, testing and certification services to car manufacturers.