Asturiana de Laminados (XMAD:ELZ) LT-Debt-to-Total-Asset : 0.42 (As of Jun. 2024)

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What is Asturiana de Laminados 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. Asturiana de Laminados's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.42.

Asturiana de Laminados's long-term debt to total assets ratio increased from Jun. 2023 (0.36) to Jun. 2024 (0.42). It may suggest that Asturiana de Laminados is progressively becoming more dependent on debt to grow their business.

Asturiana de Laminados LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asturiana de Laminados'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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Asturiana de Laminados LT-Debt-to-Total-Asset Chart

Asturiana de Laminados Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.26

0.38

0.35

0.37

Asturiana de Laminados Semi-Annual Data
	Dec13	Dec14	Dec15	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														0.35	0.35	0.36	0.37	0.42

Asturiana de Laminados LT-Debt-to-Total-Asset Calculation

Asturiana de Laminados'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 )
	=	62.229	/	170.509
	=	0.36

Asturiana de Laminados'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 )
	=	58.497	/	137.834
	=	0.42

Asturiana de Laminados (XMAD:ELZ) 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.

Asturiana de Laminados LT-Debt-to-Total-Asset Related Terms

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Asturiana de Laminados Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asturiana de Laminados SA (XMAD:ELZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Poligono Industrial de Villallana, Plot 1, Pola de Lena, Asturias, ESP, 33695

Website

https://www.elzinc.es

Asturiana de Laminados SA designs, casts, or melts, anodizes profiles, sheets, coils, or any other element of zinc or other metals, metallic and non-metallic products, and other products for construction, transportation, and industrial use. It offers solutions for aesthetic finishes, technical finishes, honeycomb panels, composite panels, elZinc tiles, traditional roofing systems, engineered facades, traditional facade systems, and rainwater systems.

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