Hoffmann Green Cement Technologies (XPAR:ALHGR) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Hoffmann Green Cement Technologies 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. Hoffmann Green Cement Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Hoffmann Green Cement Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.15). It may suggest that Hoffmann Green Cement Technologies is progressively becoming less dependent on debt to grow their business.

Hoffmann Green Cement Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hoffmann Green Cement Technologies'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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Hoffmann Green Cement Technologies LT-Debt-to-Total-Asset Chart

Hoffmann Green Cement Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.16

0.18

0.15

Hoffmann Green Cement Technologies Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.18	0.18	0.18	0.17	0.15

Hoffmann Green Cement Technologies LT-Debt-to-Total-Asset Calculation

Hoffmann Green Cement Technologies'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 )
	=	14.647	/	96.565
	=	0.15

Hoffmann Green Cement Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	14.647	/	96.565
	=	0.15

Hoffmann Green Cement Technologies (XPAR:ALHGR) 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.

Hoffmann Green Cement Technologies LT-Debt-to-Total-Asset Related Terms

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Hoffmann Green Cement Technologies (XPAR:ALHGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hoffmann Green Cement Technologies (XPAR:ALHGR) » Definitions » LT-Debt-to-Total-Asset

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0VW:Germany

Address

6 rue de la Bretaudiere, Chaille under the Ormeaux, Rives-de-l Yon, FRA, 85310

Website

https://www.ciments-hoffmann.com

Hoffmann Green Cement Technologies is engaged in the production of cement for construction and land use planning.

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