Novares Group (XPAR:NVS) LT-Debt-to-Total-Asset: 0.27 (As of Jun. 2017)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Novares Group LT-Debt-to-Total-Asset?

Novares Group XPAR:NVS LT-Debt-to-Total-Asset is 0.27 as of Jun. 2017.

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. Novares Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2017 was 0.27.

Novares Group's long-term debt to total assets ratio increased from Jun. 2016 (0.00) to Jun. 2017 (0.27). It may suggest that Novares Group is progressively becoming more dependent on debt to grow their business.

Novares Group  (XPAR:NVS) 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.

Novares Group LT-Debt-to-Total-Asset Related Terms

Novares Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Novares Group'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.

Novares Group LT-Debt-to-Total-Asset Chart

Novares Group Annual Data
Trend Dec16
LT-Debt-to-Total-Asset
0.24

Novares Group Semi-Annual Data
Jun16 Dec16 Jun17
LT-Debt-to-Total-Asset 0.00 0.24 0.27

Novares Group LT-Debt-to-Total-Asset Calculation

Novares Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )/Total Assets (A: Dec. 2016 )
=198.099/811.291
=0.24

Novares Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2017 is calculated as

LT Debt to Total Assets (Q: Jun. 2017 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2017 )/Total Assets (Q: Jun. 2017 )
=216.243/815.785
=0.27

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.27 mean?
Novares Group (XPAR:NVS) has a LT-Debt-to-Total-Asset of 0.27 as of Jun. 2017. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novares Group and its competitors.
Is Novares Group's LT-Debt-to-Total-Asset too high?
Novares Group's current LT-Debt-to-Total-Asset is 0.27.
How does Novares Group's LT-Debt-to-Total-Asset compare to ?
Novares Group's LT-Debt-to-Total-Asset of 0.27 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novares Group and its competitors. Novares Group's current LT-Debt-to-Total-Asset is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novares Group stock overvalued right now?
Novares Group (XPAR:NVS) has a current LT-Debt-to-Total-Asset of 0.27. The current LT-Debt-to-Total-Asset is 0.27. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Novares Group (XPAR:NVS), the current LT-Debt-to-Total-Asset is 0.27 as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novares Group Business Description

Comparable Companies
Address 361 avenue du General de Gaulle, Clamart, Paris, FRA, FR-92140
Novares Group SA is a plastic solutions provider that designs and manufactures complex components and systems serving the automotive industry. The company designs and produces automotive parts and specializes in technical plastic injection for automobiles. Its product portfolio consists of Engine Components, Bezels and Clusters, Air Vents and Decoration Trims, Interior and Car Body Trim, Handles, Exterior Paint and Surfaces, and E-Powertrain Components.