Ekotechnika AG (XTER:ETE) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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

Ekotechnika AG's long-term debt to total assets ratio declined from Sep. 2022 (0.01) to Sep. 2023 (0.01). It may suggest that Ekotechnika AG is progressively becoming less dependent on debt to grow their business.

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

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

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.01

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.01	0.01	0.01	0.01

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

Ekotechnika AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1.229	/	159.779
	=	0.01

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.229	/	159.779
	=	0.01

Ekotechnika AG (XTER:ETE) 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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Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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