FORTEC Elektronik AG (XTER:FEV) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is FORTEC Elektronik 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. FORTEC Elektronik AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

FORTEC Elektronik AG's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.06). It may suggest that FORTEC Elektronik AG is progressively becoming less dependent on debt to grow their business.

FORTEC Elektronik AG LT-Debt-to-Total-Asset Historical Data

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

FORTEC Elektronik AG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.08

0.14

0.12

0.09

0.07

FORTEC Elektronik AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.07	0.07	0.06

FORTEC Elektronik AG LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	5.235	/	76.304
	=	0.07

FORTEC Elektronik 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 )
	=	4.912	/	76.69
	=	0.06

FORTEC Elektronik AG (XTER:FEV) 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.

FORTEC Elektronik AG LT-Debt-to-Total-Asset Related Terms

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FORTEC Elektronik AG (XTER:FEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FORTEC Elektronik AG (XTER:FEV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FEV:Germany FEV:Germany FEV:Germany

Address

Augsburger Str 2B, Germering, DEU, 82110

Website

https://www.fortecag.de

FORTEC Elektronik AG is a Germany based company. It is a system supplier for equipment manufacturers of industrial high-tech products. Its product portfolio includes large format displays, displays with LED backlight, touchscreens, single board computer, embedded motherboards, slot CPU cards, and VacuBond. chassis mount, external power supplies, among others.

Executives

Sandra Maile

Board of Directors

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