Linde (XTER:LIN) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is Linde 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. Linde's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Linde's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.21). It may suggest that Linde is progressively becoming more dependent on debt to grow their business.

Linde LT-Debt-to-Total-Asset Historical Data

The historical data trend for Linde'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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Linde LT-Debt-to-Total-Asset Chart

Linde Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.15

0.16

0.18

Linde Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.18	0.19	0.21	0.21

Linde LT-Debt-to-Total-Asset Calculation

Linde'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 )
	=	12940.704	/	74103.687
	=	0.17

Linde's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	15744.975	/	74373.946
	=	0.21

Linde (XTER:LIN) 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.

Linde LT-Debt-to-Total-Asset Related Terms

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Linde Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Linde PLC (XTER:LIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LIN:USA 1LINUS:Italy 0M2B:UK LIN:Germany LIN:Germany LIN:Germany LIN:Austria

Address

10 Riverview Drive, Danbury, CT, USA, 06810

Website

https://www.linde.com

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.