NBI Bearings Europe (XMAD:NBI) LT-Debt-to-Total-Asset : 0.53 (As of Jun. 2024)

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What is NBI Bearings Europe 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. NBI Bearings Europe's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.53.

NBI Bearings Europe's long-term debt to total assets ratio increased from Jun. 2023 (0.50) to Jun. 2024 (0.53). It may suggest that NBI Bearings Europe is progressively becoming more dependent on debt to grow their business.

NBI Bearings Europe LT-Debt-to-Total-Asset Historical Data

The historical data trend for NBI Bearings Europe'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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NBI Bearings Europe LT-Debt-to-Total-Asset Chart

NBI Bearings Europe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.47

0.51

0.31

0.30

NBI Bearings Europe 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															0.37	0.30	0.50	0.30	0.53

NBI Bearings Europe LT-Debt-to-Total-Asset Calculation

NBI Bearings Europe'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 )
	=	25.353	/	85.949
	=	0.29

NBI Bearings Europe'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 )
	=	56.904	/	106.49
	=	0.53

NBI Bearings Europe (XMAD:NBI) 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.

NBI Bearings Europe LT-Debt-to-Total-Asset Related Terms

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NBI Bearings Europe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NBI Bearings Europe SA (XMAD:NBI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Pol. Industrial Basauri, Nave 6-10, Oquendo, Alava, Vitoria-Gasteiz, ESP, 01409

Website

http://www.nbibearings.com

NBI Bearings Europe SA is engaged in designing and production of bearings. Its product offerings include cylindrical roller bearings, tapered roller bearings, spherical roller bearings, needle roller bearings, support rollers, cam followers, cylindrical roller thrust bearings, spherical roller thrust bearings and ball bearings. The company also provides technical services, bearing selection, training and tailor made solutions.

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