ABB (XSWX:ABBNE) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is ABB 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. ABB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

ABB's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.18). It may suggest that ABB is progressively becoming more dependent on debt to grow their business.

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

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

ABB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.14

0.12

0.15

0.14

ABB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.17	0.18	0.18

ABB LT-Debt-to-Total-Asset Calculation

ABB'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 )
	=	5091.078	/	35404.912
	=	0.14

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6185.407	/	34467.485
	=	0.18

ABB (XSWX:ABBNE) 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.

ABB LT-Debt-to-Total-Asset Related Terms

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ABB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (XSWX:ABBNE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Affolternstrasse 44, Zurich, CHE, 8050

Website

https://www.abb.com

ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 19 business divisions. ABB is the number one or two supplier in two thirds of its product segments.

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