Elma Electronic AG (XSWX:ELMN) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Elma Electronic AG 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. Elma Electronic AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Elma Electronic AG's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.17). It may suggest that Elma Electronic AG is progressively becoming less dependent on debt to grow their business.

Elma Electronic AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elma Electronic AG'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.

* Premium members only.

Elma Electronic AG LT-Debt-to-Total-Asset Chart

Elma Electronic AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.25

0.23

0.19

0.18

0.17

Elma Electronic AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.18	0.18	0.17	0.17

Elma Electronic AG LT-Debt-to-Total-Asset Calculation

Elma Electronic AG'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 )
	=	18.5	/	110.874
	=	0.17

Elma Electronic AG'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 )
	=	18.5	/	110.874
	=	0.17

Elma Electronic AG (XSWX:ELMN) 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.

Elma Electronic AG LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Elma Electronic AG's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Elma Electronic AG (XSWX:ELMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elma Electronic AG (XSWX:ELMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hofstrasse 93, Wetzikon, CHE, 8620

Website

http://www.elma.com

Elma Electronic AG is a Switzerland-based company. It acts as a manufacturer of electronic packaging products for the embedded systems market from components, backplanes, storage boards and chassis platforms to fully integrated systems. The product line of the company includes embedded boards such as mass storage, ethernet and PCIe switches, architecture solutions, embedded computing systems, system accessories, and rack level services. It also offers engineering services, contract manufacturing, system integration, customization and other services.

Elma Electronic AG (XSWX:ELMN) Headlines

No Headlines