artnet AG (XTER:ART) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is artnet 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. artnet AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

artnet AG's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.01). It may suggest that artnet AG is progressively becoming more dependent on debt to grow their business.

artnet AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for artnet 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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artnet AG LT-Debt-to-Total-Asset Chart

artnet AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.21

0.11

0.03

0.02

artnet AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.03	-	0.02	0.01

artnet AG LT-Debt-to-Total-Asset Calculation

artnet AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.256	/	14.448
	=	0.02

artnet AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.094	/	11.656
	=	0.01

artnet AG (XTER:ART) 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.

artnet AG LT-Debt-to-Total-Asset Related Terms

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artnet AG (XTER:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » artnet AG (XTER:ART) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ART:Germany ART:Germany

Address

Oranienstrasse 164, Berlin, DEU, 10969

Website

https://www.artnet.com

artnet AG is an online resource for the international art market. The company provides platforms related to artwork are Artnet Auctions to bid on paintings, prints, photographs, and more artistic work, Artnet News for the latest news about art events, trends, or workshops, Artnet Galleries to connect art galleries from all over the world for new collections. The activity of the company operates through Online retailing.

Executives

Hans Reinhard Neuendorf

Supervisory Board

artnet AG (XTER:ART) Headlines

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