Seresco (XMAD:SCO) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is Seresco 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. Seresco's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Seresco's long-term debt to total assets ratio increased from Jun. 2023 (0.11) to Jun. 2024 (0.15). It may suggest that Seresco is progressively becoming more dependent on debt to grow their business.

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

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

Seresco Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.25

0.14

0.13

Seresco Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.14	0.11	0.13	0.15

Seresco LT-Debt-to-Total-Asset Calculation

Seresco'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 )
	=	4.105	/	32.314
	=	0.13

Seresco'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 )
	=	5.236	/	35.114
	=	0.15

Seresco (XMAD:SCO) 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.

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Seresco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Seresco SA (XMAD:SCO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Matematico Pedrayes, 23, Oviedo, ESP, 33005

Website

https://www.seresco.es

Seresco SA specialized in software solutions and services in Information and Communication Technology (ICT). The company is providing services in the areas of personnel and payroll administration, digital transformation, cartography and cadastre, IT infrastructures and services, cybersecurity, and software development.