Codere (XMAD:CDR) LT-Debt-to-Total-Asset : 0.99 (As of Jun. 2021)

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What is Codere 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. Codere's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.99.

Codere's long-term debt to total assets ratio increased from Jun. 2020 (0.74) to Jun. 2021 (0.99). It may suggest that Codere is progressively becoming more dependent on debt to grow their business.

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

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

Codere Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.59

0.62

0.59

0.67

0.85

Codere Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.74	0.77	0.85	0.93	0.99

Codere LT-Debt-to-Total-Asset Calculation

Codere's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1145.949	/	1341.862
	=	0.85

Codere's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	1294.416	/	1305.715
	=	0.99

Codere (XMAD:CDR) 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.

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

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Codere (XMAD:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere SA (XMAD:CDR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avda. de Bruselas 26, Alcobendas, ESP, 28108

Website

http://www.codere.com

Codere SA is a Spain-based gaming company. It is mainly engaged in business activities in the private gaming industry, consisting primarily of the operation of amusement and slot machines, sports betting, bingo halls, casinos, and racetracks. The company has a presence in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay.