ParTec AG (XTER:JY0) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is ParTec 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. ParTec AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

ParTec AG's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Jun. 2024 (0.12). It may suggest that ParTec AG is progressively becoming more dependent on debt to grow their business.

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

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

ParTec AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.07

0.05

ParTec AG Semi-Annual Data
	Dec21	Dec22	Dec23	Jun24
LT-Debt-to-Total-Asset	0.14	0.07	0.05	0.12

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

ParTec 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 )
	=	3.838	/	81.79
	=	0.05

ParTec 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 )
	=	10.158	/	81.993
	=	0.12

ParTec AG (XTER:JY0) 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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ParTec AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ParTec AG (XTER:JY0) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Possartstr. 20, Munich, BY, DEU, D-81679

Website

https://www.par-tec.com

ParTec AG develops and supplies super and quantum computers as well as operating software, including consulting and support services, which is used for the development, construction and operation of state-of-the-art high-performance computers (HPC) and quantum computers (QC).

Executives

Bernhard Frohwitter

Board of Directors

ParTec AG Headlines

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