Grounds Real Estate Development AG (XTER:AMMN) LT-Debt-to-Total-Asset : 0.22 (As of Jun. 2024)

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What is Grounds Real Estate Development 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. Grounds Real Estate Development AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.22.

Grounds Real Estate Development AG's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.22). It may suggest that Grounds Real Estate Development AG is progressively becoming more dependent on debt to grow their business.

Grounds Real Estate Development AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grounds Real Estate Development 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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Grounds Real Estate Development AG LT-Debt-to-Total-Asset Chart

Grounds Real Estate Development AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.22

0.40

0.32

0.07

Grounds Real Estate Development AG Semi-Annual Data
	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														0.17	0.32	0.12	0.07	0.22

Grounds Real Estate Development AG LT-Debt-to-Total-Asset Calculation

Grounds Real Estate Development 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 )
	=	10.944	/	147.816
	=	0.07

Grounds Real Estate Development 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 )
	=	30.719	/	139.486
	=	0.22

Grounds Real Estate Development AG (XTER:AMMN) 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.

Grounds Real Estate Development AG LT-Debt-to-Total-Asset Related Terms

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Grounds Real Estate Development AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grounds Real Estate Development AG (XTER:AMMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AMMN:Germany

Address

Charlottenstrasse 79-80, Berlin, BB, DEU, 10117

Website

https://www.thegroundsag.com

Grounds Real Estate Development AG carries out housing projects in German metropolitan regions and urban areas. Its business activities cover three core areas such as the company is planning to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. They also aim to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, they plan to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income and rental income from existing properties.

Executives

Armin Hofmann	Supervisory Board
Eric Mozanowski	Supervisory Board

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