Rieter Holding AG (XSWX:RIEN) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)

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What is Rieter Holding 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. Rieter Holding AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Rieter Holding AG's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Jun. 2024 (0.10). It may suggest that Rieter Holding AG is progressively becoming less dependent on debt to grow their business.

Rieter Holding AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rieter Holding 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.

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Rieter Holding AG LT-Debt-to-Total-Asset Chart

Rieter Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.14

0.13

0.10

Rieter Holding AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.14	0.10	0.10

Rieter Holding AG LT-Debt-to-Total-Asset Calculation

Rieter Holding 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 )
	=	129	/	1310
	=	0.10

Rieter Holding AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	129	/	1310
	=	0.10

Rieter Holding AG (XSWX:RIEN) 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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Rieter Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rieter Holding AG (XSWX:RIEN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RIENz:UK 0QKA:UK

Address

Klosterstrasse 32, Winterthur, CHE, 8406

Website

https://www.rieter.com

Rieter Holding AG is an industrial machinery manufacturer based in Switzerland. It develops machinery, systems, and components used to convert natural and man-made fibres and their blends into yarns. The company's operating segment includes Machines and Systems, Components and After Sales. It generates maximum revenue from the Machines and Systems segment.

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