OVH Groupe (XPAR:OVH) LT-Debt-to-Total-Asset : 0.49 (As of Aug. 2024)

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What is OVH Groupe 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. OVH Groupe's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.49.

OVH Groupe's long-term debt to total assets ratio increased from Aug. 2023 (0.47) to Aug. 2024 (0.49). It may suggest that OVH Groupe is progressively becoming more dependent on debt to grow their business.

OVH Groupe LT-Debt-to-Total-Asset Historical Data

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

OVH Groupe Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.59

0.54

0.41

0.47

0.49

OVH Groupe Semi-Annual Data
	Aug18	Aug19	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.41	0.05	0.47	0.49	0.49

OVH Groupe LT-Debt-to-Total-Asset Calculation

OVH Groupe's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	824.993	/	1669.761
	=	0.49

OVH Groupe's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	824.993	/	1669.761
	=	0.49

OVH Groupe (XPAR:OVH) 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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OVH Groupe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OVH Groupe (XPAR:OVH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OVHFF:USA OVHp:UK 7U7:Germany

Address

2 rue Kellermann, Roubaix, FRA, 59100

Website

https://www.ovhcloud.com

OVH Groupe is a provider of cloud services, occupying a position in the cloud market. It provides businesses with a complete suite of solutions designed to meet the growing demand for multi-cloud and hybrid cloud strategies, addressing a wide range of needs and customer segments. Geographically operates in France, Europe and Rest of the world. It has three operating segments: Private Cloud, Public Cloud and Web Cloud & Other.

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